Dunford Company's beginning and ending accounts receivable balances are $92,000 and $86,000, respectively. The beginning and ending allowance for doubtful accounts balances are $9,000 and $15,500. If Dunford estimated bad debt expense of $7,000 during the year and had total write-offs of $2,500, what is the value of the recoveries of previously written off accounts?

Select one: a. $2,500 b. $10,500 c. $7,000 d. $2,000

On January 1, 2019, Rodila Corporation issued $1,400,000 of 12-year, 10% bonds at an effective interest rate of 8%. The bonds make a cash interest payment each year on December 31. What is the issue price of the bonds on January 1, 2019?

Select one:

a. $1,209,216.63

b. $1,587,882.28

c. $1,611,010.18

d. $1,400,000.00

TieDye Sweats, LLC has 400 shares of $100 par value, 15% cumulative preferred stock and 25,000 shares of $30 par value common stock outstanding. The following dividends were paid:

Year 1: $3,000

Year 2: $25,000

What was the cash dividend paid to common shareholders in the second year?

Select one:

a. $0

b. $16,000

c. $25,000

d. $9,000