alle the mormal journal entry for necording bed debe expense under the Bud Debt Experise, credit Allowance for Doubtful Accounts isthe normal ebit Allowance for Doubtful Accounts. Debit Accounts Receivable, sredit Debit Allowance for Doubtull Accounts, credit Bad Debt Expense D) Debit Allowance for Dosbtful Accounts, credit Accounts Receivable 31, Ifa cmpany uses the periodic linventory sysicm, what is the impact on the current ratio ataslds i transi tolb shipping point in purchases, but aot ending imentony A) Ne ffest on the eurrent ratio Overstale the current ratio. B) C) Understate the current ratio. D) Not sufficient information so determine effecet on the current ratio, 32. On January 1.2017, West Co. exchangod equipment for an $800,000 zero-interest- bearing mote due on January 1, 2020. The prevailing rate of interest for a note of this type at Jani.ry 1.2017 was 10%. The present value of S l at IOG for three periods is 0.75. What amount of interest revenue should be included in West's 2018 income taterment? A) 380,000 Bi $66,000 C) so D) $60,000 33 What is a compensating halance? Margin accounts held with brokers. Temporary investments serving as collateral for outstanding loans. A) CMinimam deposits required to be maintained in connection with a borrowing arnin gement D) Savings account balances 34, Bell Inc. took a physical inventory at the end of the year and determined that $780,000 of goods were on hand. In addition, Bell, Inc. determined that $60,000 of goods that were in transit that were shipped fo.b. shipping point were actually received two days after the inventory count and that the company had $90,000 of goods out on consignment. What amount should Bell repoirt as inventory at the end of the year? A) $930,000. B) $780,000 C) $860,000. D) $870,000