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is the first one correct? and what about the others QUESTION 4 ABC Co purchased and for $150.000. Before the land could be used for

is the first one correct? and what about the others image text in transcribed
QUESTION 4 ABC Co purchased and for $150.000. Before the land could be used for its intended business purpose, ABC Co paid the following costs $7.000 for realtor foes associated with the purchase 51,000 for accrued real estates through ABC Cos acquisition date and $20.000 tonove an old structure and grade and clear the land Af what amount should the land be recorded on ABC Cosbooks? a $150 000 Ob $158.000 OC 5157.000 d5178.000 QUESTIONS For Retal Company uses the allowance method (balance shtet approach to determine bad debit expense. By aging is accounts receivable Fox has determined that the estimated portion of total accounts receivable of 510.000.000 that are uncollectible totals 250.000 The unadjusted balance in the slowance for uncollectible account is a bit belance of 530,000. What amount is needed to record bad debe expense for the period? QUESTIONS Undley Couses the direct write-off method to account for bads() What entry would be made to record a write off of an account recevable balance of $10.500? QUESTION 7 Davis Co purchased on October 7, 204 for $100.000 The equipments estimated in years and has an estimated salvage value of 4,000. The company ses double declining balance (0) depreciation and applies the hell year convention What was the accumulated depreciation as of December 31, 2017 O 572222 192593 O 190740 Od 16000 to search

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