In preparing its August 31, 2016 bank reconciliation, Oakley Corp. has available the following information: Balance per bank statement, 8/31/16 $65,490 Deposit in transit, 8/31/16 10,170 Return of customer's check not sufficient funds, 8/30/16 1,800 Outstanding checks, 8/31/16 5,820 Bank service charges for August 350 At August 31, 2016, Oakley's adjusted cash balance is Select one: a. $61,1400 . b. $59,320. c. $59,670 d. $69,8400 e. The answer does not exist Cosmos Company on July 15 sells merchandise on account to Cajon Co. for $6,000, terms 2/10, n/30. On July 20 Cajon Co. returns merchandise worth $1,000 to Cosmos Company. On July 24 payment is received from Cajon Co. for the balance due. What is the amount of cash received? n Select one: a. The answer does not exist b. $4,800 c. $4,800 d. $5,000 e. $6,000 Maine Corporation's unadjusted trial balance includes the following balances (assume normal balances): Accounts Receivable $850,000 Allowance for Doubtful Accounts 18,0000 Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debt expense will the company record? Select one: O a. $24,500 b. $18,000 c. The answer does not exist o d. $41,600 e. $42,500