Accounts receivable turnover is calculated by: Select one: a. Sales (cash and credit sales) divided by average net accounts receivable b. Credit Sales divided by average net accounts receivable. c. Accounts receivable turnover divided by 365 d. Average net accounts receivable divided by net credit sales App Inc. has the following: balance in the accounts receivable account $500,000; Bad debt expense balance $25,000 and the allowance for Doubtful accounts balance $50,000. The cash realizable value of App's receivables is? Select one: a. $450,000 b. $475,000 c. $425,000 d. $550,000 Black Inc. uses the allowance method for bad debts. Last year Black sold $5,000 of merchandise to Green on account. During the current year management determines that $3,000 of the amount due from Green will not be collected and writes off this amount. The journal entry to record the write off of the receivable is? Select one: a. Dr. Bad Debt Expense $3000. Cr. Allowance for Doubtful Accounts $3000 b. Dr. Accounts Receivable $3000. Cr. Allowance for Doubtful Accounts $3000 O c. Dr. Allowance for Doubtful Accounts $3000. Cr. Sales Revenue $3000 d. Dr. Allowance for Doubtful Accounts $3000. Cr. Accounts Receivable $3000 Clear my choice