ening Shrinkage is the term used for inventory losses that occur as a result of shoplifting or deterioration. Select one: O True False PREVIOUS PAGE NEXT PAGE IN COLLEGE Learning The accounts receivale that cannot be collected because of their bankruptcy or another reason are termed as Select one: O a. Doubtful accounts O b. Uncollectile accounts c. Collectile accounts d. Bad customers PREVIOUS PAGE NEXT PAGE COLLEGE earning ABC Company purchased office equipments for a total price of $ 2100. One equipment costing $ 800 was damaged and returned to the supplier. The journal entry for the return is Select one: O a. Accounts Payable debit $ 800; Merchandise Inventory credit $ 800 b. Merchandise Inventory debit $ 800; Accounts Payable credit $ 800 c. Accounts Payable debit $ 2100; Purchases credit $ 2100 d. Accounts Payable debit S 800; Office Equipment credit S 800 PREVIOUS PAGE NEXT PAGE COLLEGE rning The companies that purchase and sell tangile products without changing their basic forms are called Merchandising companies. Select one: True O False PREVIOUS PAGE NEXT PAGE F Tin