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Big Box Appliances sold 500 dishwashers during June of 2021, at a total price of $400,000. The dishwashers are sold with a warranty guarantee that

Big Box Appliances sold 500 dishwashers during June of 2021, at a total price of $400,000. The dishwashers are sold with a warranty guarantee that the product is free from any defects. The cost of the dishwashers sold is $250,000. The term of the assurance warranty is one year, with an estimated cost of $10,000. In addition, Big Box Appliances sold extended warranties on 200 dishwashers for four years beyond the one-year period for $40,000. How much sales revenue should be recorded in June?

Question 2 options:

A. 440,000

B. 150,000

C.400,000

D. 390,000

Yummy Treats Ltd. uses the allowance method to record uncollectible accounts. At the end of December, 2021, the balance in accounts receivable is $80,000, and the balance in the allowance for doubtful accounts is $7,000. On December 31, management decided to write off a $3,000 uncollectible account from Toby Convenience store. After the write-off entry is completed, the net balance of accounts receivables reported on the balance sheet is:

A. 76,000

B. 77,000

C. 73,000

D. 80,000

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