All of the following are examples of adjusting entries that might be recorded by a manufacturer except

• A. Debit the Administrative Expense account and credit the Allowance for Doubtful Accounts account.
• B. Debit the Supplies Expense account and credit the Supplies on Hand account.
• C. Debit the Insurance Factory account and credit the Administrative Expense account.
• D. Debit the Income Tax Expense account and credit the Income Tax Payable account.

Net sales is often used as a base in 14. The monthly demand equation for an electric utility company is estimated to be pe 60 - (10)x, where p is measured in dollars and x is measured in thousands in thousands of kilowatts-hour. The utility has fixed cost of 7 million dollars per month and variable costs of $30 per 1000 kilowatts-hours of electricity generated, so the cost function is C(x) = 7(10%) + 30x a. Find the value of x and the corresponding price for 1000 kilowatts-hour that maximizes the utility's profit b. Suppose the rising fuel costs increase the utility's variable costs from $30 to $40, so its new cost function is C+(x) = 7(10%) + 40x. Should the utility pass all this increase of $10 per thousand kilowatt-hours on to consumers? Explain your