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Entity G uses the allowance method for uncollectible accounts. Accounts receivable has a balance of $10,000 and the allowance account has a credit balance of
Entity G uses the allowance method for uncollectible accounts. Accounts receivable has a balance of $10,000 and the allowance account has a credit balance of $500, for a net realizable value of $9,500. Entity A writes off a $100 account. What is the net realizable value of accounts receivable after the write off? all of the choices are incorrect $9,600$9,500$9,400 3 points Which of the following accounts would be closed (at the end of the accounting period? unearned revenue retained earnings advertising expense. accounts receivable 3 points Entity F's unadjusted trial balance at December 31, 2022 shows Supplies at $6,000 and Supplies Expense, 0-. An inventory of supplies at December 31 indicates $1,200 of supplies remaining. What is the correct adjusting entry? No adjusting entry is required until all of the supplies are used. Dr. Supplies 6,000 Cr. Cash 6,000 Dr. Supplies Cr. Supplies expense Dr. Supplies expense 4,800 Cr. Supplies 4,800
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