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During the year, Birch Inc., who uses the allowance method, made an entry to write off a $500 uncollectible account. Before this entry was posted,

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During the year, Birch Inc., who uses the allowance method, made an entry to write off a $500 uncollectible account. Before this entry was posted, the balance in accounts receivable was $45.000 and the balance in the allowance account was $2,000 (credit). The net realizable value of accounts receivable after the write off entry was: $43,000 $43,500 $44,500 $36,500 Below is an Allowance for Doubtful Accounts (AFDA) t-account. What is the most likely amount of bad debts expense for the period? AFDA 2,000 Beginning 200 600 2,400 $0 $600 $200 $400 Equipment with a cost of $5,000 and a carrying amount (net book value) of $3,500 was sold for a loss of $200. How much cash should be added in the investing section in the Statement of Cash Flows? $1,500 $1,700 $200 $1,300

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