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A RE THE FOLLOWING QUESTIONS ARE OPTIONAL AND ARE EXTRA ORION der reported accounts receivable of $218.000 and an allowance for lecie a counts of
A RE THE FOLLOWING QUESTIONS ARE OPTIONAL AND ARE EXTRA ORION der reported accounts receivable of $218.000 and an allowance for lecie a counts of SSD (debit before any adjustments Anna eta assess that the allowance for uncollectible accounts should be die. The mount of the adjustment for uncollectible accounts would be - A company collects a customer's account within the discount period. Indicate no ansatte woul afteet (1) assets (2) stockholders' equity, and (3) revenues. (1) Decrease (2) Decrease. (3) Decrease 21) Increase. (2) Increase. 3) Increase (1) Increase. 2) Increase. 3) No effect (1) No effect (2) No effect (3) No effect - Oswego Clay Pipe Company provides services of $46,000 to Southeast Water District #45 Apnl 12 of the current year with terms 1/15. n/60. What would Oswego record on June 10, assuming the customer made the correct payment on that date? 46,000 45,540 460 A 46,000 45,540 460 Cash Accounts Receivable Discounts Receivable Cash Accounts Receivable Interest Revenue 46,000 46,000 46,460 46,000 460 D. Accounts Receivable Cash Accounts Receivable Interest Revenue A) Option A ) Optionc D) Option D
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