itqopfbXc7EbhagwwsTARPSBkqvxM6SEKWEROWK9g/viewform?hr submission Chkligmewn UBEHASevt. A plant asset cost 192,000 and is estimated to have a 24,000 residual value at the end of its 8-year useful life. The annual depreciation expense recorded for the third year using the double-declining balance method would be a 16,080 b. E27,000 c. 23,624 d E18,380 Items not yet placed into production are considered to be a raw materials OO b. work in process c. finished goods. OO d. merchandise inventory Using the percentage of receivables method for recording bad debts expense, estimated uncollectible accounts are Y250,000. If the balance of the Allowance for Doubtful Accounts is $80,000 debit before adjustment, what is the amount of bad debts expense for that period? pfbXcEBHAGWSTALP5Bkqvs M6SIKW.ROWK9g/viewform?hr_submission=ChkljqmeweUBEhAjSev MICI CWU Using the percentage of receivables method for recording bad debts expense. estimated uncollectible accounts are Y250.000. If the balance of the Allowance for Doubtful Accounts is $80.000 debit before adjustment, what is the amount of bad debts expense for that period? a 250,000 b. Y80,000 c. 330,000 d. 170,000 Write your student number Your answer If goods in transit are shipped FOB destination + opf7bXcEDHA9Ww.TAKPSBkavxM6STKWIROWK9g/viewform?hr_submission=ChkligmeweUBES Your answer If goods in transit are shipped FOB destination O a, the seller has legal title to the goods until they are delivered. b. the buyer has legal title to the goods until they are delivered c. the transportation company has legal title to the goods while the goods are in transit d. no one has legal title to the goods until they are delivered A $100 petty cash fund has cash of $17 and receipts of $80. The journal entry to replenish the account would include a a debit to Cash for $80. b. credit to Petty Cash for $83. c. debit to Cash Over and short for $3. d. credit to Cash for SAD Replenishing the petty cash fund requires ROUWKg/viewfom?hr submissionsCh Replenishing the petty cash fund requires a. a debit to Cash b. a credit to Petty Cash. c. debits to various expense accounts. d. no accounting entry A check returned by the bank marked "NSF" means a. no service fee b. no signature found. c.not satisfactorily filled out. d. not sufficient funds. Engler Company purchases a new delivery truck for $48,000. The sale $3,000. The logo of the company is painted on the side of the truck for The truck license is $120. The truck undergoes safety testing for $220 Engler record as the cost of the new truck? a. 552.540 + 7bXcEbHAWWSTARPSBkqvxM6SKW RcOWK9g/viewform?hr submission=Chkdjqmewe L/BEHAljevu Engler Company purchases a new delivery truck for $48,000. The sales taxes are $3,000. The logo of the company is painted on the side of the truck for $1.200 The truck license is $120. The truck undergoes safety testing for $220. What does Engler record as the cost of the new truck?" a $52,540 b. $52,420 c. $51,000 d. $50,420 On November 1, Kinder Company received a $6,000, 10%, three-month note receivable. The cash to be received by Kinder Company when the note becomes due is: a a $6,000 b. 56,100 c. $6.150 O d $6,600 Clinic purchases and for $110.000 canh The clinic assumes $1.500 in al SIODO The X + 17bXcEDHAWWSTARPSBkqxM6SIKW.RWK9g/viewform?hr submission ChkliameweUBENA SE b. $6,100 c. $6,150 d. $6,600 Gagner Clinic purchases land for $110.000 cash. The clinic assumes $1.500 in property taxes due on the land. The title and attorney fees totaled $1,000. The clinic has the land graded for $2,200. What amount does Gagner Clinic record as the cost for the land? a. $112.200 b. $110,000 c. $114,700 d. $112.500 Notes or accounts receivables that result from sales transactions are often caled obraderecelles