If the beginning inventory for 2017 is overstated, the effects of this error on cost of goods sold for 2017 net income for 2017, and assets at December 31, 2018, respectively, are O understatement overstatement, overstatement Ob understatement, overstatement, no effect O coverstatement, understatement, no effect. Od overstatement, understatement, overstatement The following accounts were abstracted from Start Co.'s unadjusted trial balance at December 31, 2017: Debit Credit Accounts receivable $750,000 Allowance for uncollectible accounts 8,000 Net credit sales $3,000,000 Start estimates that 6% of the gross accounts receivable will become uncollectible. After adjustment at December 31, 2017 the allowance for uncollectible accounts should have a credit balance of a $37,000 b. 553.000 O C 545,000 od 5168,000 O . $180,000 Valuation of inventories requires the determination of all of the following except a the physical goods to be included in inventory. e the costs to be included in inventory. e C. the cost flow assumption to be adopted. Od the cost of goods held on consignment from other companies The following accounts were abstracted from Starr Co.'s unadjusted trial balance at December 31, 2017 Debit Credit Accounts receivable $750,000 Allowance for uncollectible accounts 8,000 Net credit sales $3,000,000 Starr estimates that 6% of the gross accounts receivable will become uncollectible. What amount should be recognized as bad debt expense for the year 2017? 3.545,000 b.$180,000 OC $53,000 od 5168,000 e $37,000