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Canvas Question 19 1 pts During 2008, Carbondale Inc. had sales on account of $156,000, cash sales of $54,000, and collections on account of
Canvas Question 19 1 pts During 2008, Carbondale Inc. had sales on account of $156,000, cash sales of $54,000, and collections on account of $54,000. Their end accounts receivable (after write-offs) was $99,000. Their allowance for uncollectible accounts began with a credit balance of $3000 and ended with a credit balance of $2000. The bad debt expense for 2008 must have been: $5,000 None of the other answers are correct $4,000 $2,000 $3,000 Question 20 1 pts A Bond with face value $1.000, coupon of 5% and maturity of 20 years was issued at 105. It was retired after 20 years at maturity. Which of the following is true at the date of retirement? The total interest expense over twenty years would have been $1.150. O The total interest expense over twenty years would have been $1050 The total interest expense over twenty years would have been $1,000e O The total interest expense over twenty years would have been $950 MacBook Pro
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