ADC corporation writes off a clients account because she is no longer in business. What is the impact of this transaction on acs financial statement SA Assets will increase B. Assets will decrease C. Assets will not change. OD. None of the above Which of the following would not be associated with an expense? O A Using supplies B. Paying off an account payable. O Paying for electricity used by production equipment D. Paying wages for production workers Alpha corporation wrote off $350 in accounts receivable two months ago when a customer went bankrupt. The customer reorganizes and now pays the $350 a thout A debit Bad Debt Expense and credit Cash 3. debit Accounts Receivable and credit ad dexpense and then debit Allowance for Doutitut Accounts and Credit Cart c debit Cash and credit Badett Expense D. debit accounts fecevable and credit towance for the account and then debit Cash and credit Accounts Receivable 95 Moving to another question will save the response 2001 XYZ corporation has one class of stock: common stock. The company has 300,000 shares issued, 250,000 outstanding and 50,000 shares in the treasury stock. The par value per share is $1.00. The price for which each share was issued at was $10.00. Retained earnings at the beginning of the period is $2.000.000 Net Income for the period is $5.000.000. During the period, XYZ declared dividends of 54.00 per share. The treasury shares were purchased at $10 per share. How much is the ending balance of retained earnings? O A $6,000,000 OB. 57,000,000 C. $1.200,000 D. None of the above