After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $740,349 and Allowance for Doubtful Accounts has a balance of $25,348. What is the net realizable value of the accounts receivable?

Select the correct answer.

$715,001

$740,349

$25,348

$765,697

Alliance Corp. issues 2,210 shares of $8 par value common stock at $18 per share. When the transaction is recorded, what credit entry or entries are made?

Select the correct answer.

Common Stock $22,100 and Retained Earnings $17,680.

Common Stock $17,680 and Paid-in Capital in Excess of Par Value $22,100.

Common Stock $17,680 and Paid-in Capital in Excess of Stated Value $22,100.

Common Stock $39,780.