ACCOUNTING HELP

[18 Marr Co. had the following sales and accounts receivable balances, prior to any adjustments at year end: Credit sales $10,000,000 Accounts receivable 3,000,000 Allowance for uncollectible accounts 50,000 Marr uses 3% of accounts receivable to determine its allowance for uncollectible accounts at year end. By what amount should Marr adjust its allowance for uncollectible accounts at year A. $0 B. $40,000 C. $90,000 D. $140,000 19 J Which method of recording uncollectible accounts expense is consistent with accrual accounting? Allowance Direct Write-Off A. Yes Yes B. Yes C. No Yes D. No [20 ]Under the allowance method of recognizing uncollectible accounts, the entry to write-off an uncollectible account A. Increases the allowance for uncollectible accounts. B. Has no effect on the allowance for uncollectible accounts. C. Has no effect on net income. D. Decreases net income. 21 the accounts receivable of a company are outright to a company which l en companies without recourse, the accounts receivable normally buys accounts receivable of other have been A. Pledged. B. Assigned. C. Factored. D. Collateralized