Consider the following: Cash in Bank - checking account of $18, 500 Cash on hand of $500. Post dated checks received totaling $3 500 and Certificates of deposits totaling $24,000. How much should be reported at cash in the balance sheet? A.$18.500 b $19,000 c. $22, 500 d. $130, 500 AG Inc made a $25,000 sale on account with the following terms 1/15, n/30. If the company uses the gross method to record sales made on credit, what is/are the debit(s) in the journal entry to record the sale? a. Debit Accounts Receivable for $24, 750 b. Debit Accounts Receivable for $24, 750 and Sales Discounts for $250 c. Debit Accounts Receivable for $25,000 d. Debit Accounts Receivable for $25,000 and Salas Discounts for $250 Becky had net sales (all on account) in 2017 of $8,000,000. December 31, 2017, before adjusting entries, the balances in selected accounts were accounts receivable $1,000,000 debit, and allowance for doubtful accounts $2000 debit Becky, estimates 3% of its accounts receivable will prove to be uncollectible. What is the net realizable value of the receivables reported on the financial statements at December 31, 2017? a. $32,000 b. $972,000 c. $968,000 d. $970,000 On January 1, 2017, West Co. Exchanged equipment for an $800,000 zero-interest note due on January 1, 2020. The prevailing rate of interest for a note of this type January 1, 2017 was 10%. The present value of $1 at 10% for three periods is 0.75 amount of interest revenue should be included in West's 2018 income statement? a. $0 b. $60,000 c. $66,000 d. $80,000