In relation to inventory, net realisable value is the estimated: Select one: O a. selling price less anticipated further costs to complete the sale. b. selling price less stock loss. c. discounted value. d. replacement value. The measure to reduce bad debts that is undertaken before the debt occurs is: Select one: a. a credit check. b. use of a debt collector. c. issue of a monthly statement to the debtor. d. a reminder notice. After writing off bad debts of $1400 the allowance for doubtful debts account balance was $800 credit. What is the correct general journal entry to record an adjustment to bring the allowance for doubtful debts to 10% of accounts receivable of $20 000? Select one: a. Debit allowance for doubtful debts $1200; credit bad debts expense $1200 b. Debit bad debts expense $1200; credit allowance for doubtful debts $1200 c. Debit bad debts expense $1200; credit accounts receivable $1200 d. Debit allowance for doubtful debts $1200; credit accounts receivable $1200 Emerald Co. uses a periodic inventory system with the specific identification method of cost assignment. Inventory purchases for the month of August were: Aug. 1 Beginning inventory 2 000 units @$4.00 per unit . Aug. 8 Purchased 1 000 units @ $6.00 per unit . Aug. 16 Purchased 1500 units @$11.00 per unit Aug. 27 Purchased 1 300 units @$12.00 per unit On 24 August 1200 units from beginning inventory and 1000 units from the 16 August purchase were sold. What was the value of ending inventory at 31 August? Select one: a. $58 300 b. $30 300 c. $39 600 d. $21 600