Dallas Corporation purchases a new delivery truck for exist35,000. The company logo is painted on the side of the truck for exist1, 800. The annual truck license is for exist160. Annual insurance is exist, 1, 700. At what amount does Dallas record the cost of the new truck? a) exist35, 160. b) exist36, 800. c) exist36, 960. d) exist38, 660. Under the allowance method for uncollectible accounts a) The net realizable value of accounts receivable is greater before an account is written off than after it is written off. b) Bad Debts Expense is debited when a specific account is written off as uncollectible. c) The net realizable value of accounts receivable in the statement of financial position is the same before and after an account is written off. d) Allowance for Doubtful Accounts is closed each year to Income Summary. Killarney Exhibits Inc. received its annual property tax bill for exist21, 500 in January. It was paid when due on March 31. Killamey Exhibits has a December 31 year end. The December 31 adjusted balances should be a) exist5, 375 for Prepaid Property Tax: exist16, 125 for Property Tax Expense. b) exist5, 375 for Prepaid Property Tax: exist5, 375 for Property Tax Payable. c) exist0 for Prepaid Property Tax: exist0 for Property Tax Payable. d) exist1, 792 for Prepaid Property Tax: exist19, 708 for Property Tax Expense. The following totals for the month of April were taken from the payroll register of Gross salaries ____ exist19, 500 CPP withheld ____ 965 Income taxes withheld _____ 4, 200 Medical insurance deductions ____ 675 EI withheld _____ 347 Union dues withheld _____ 324 The journal entry to record payment of the net payroll would include a a) Debit to Salaries Payable for exist12, 989. b) Debit to Salaries Payable for exist15, 300. c) Debit to Salaries Payable for exist19, 500. d) Credit to Cash for exist19, 500. Goods and Sales Tax (GST) collected by a retailer are expenses a) Of the retailer. b) Of the customers. c) Of the government. d) That are not recognized by the retailer until they are submitted to the government