> Moving to another question will save this response Question 14 of 36 Question 14 2.85714 points Save and adjusted trial balance (NO MORE ADJUSTING ENTRIES ARE NEEDEDshows the following balance a Arizona Corp. has a year end of December 31. Arona prepares its financial December 31, 2019 all accounts have normal balances December 31, 2019 General Ledger Balances: debt een 400.000 Accounts Receivable Allowance for Doubtful Accounts 150,000 What amount would be reported on Ancona Corp's balance sheet as the NET accounts receivable the ber 31, 20192 1,450,000 51.650.000 51.150.000 51.100.000 $1.500.000 Moving to another question will save this response Question 14 of 36 De * anizations Content Collection Libraries Support Timed Test Thistest has a time limit of 1 hour and 10 minutes. This will save and submit automatically when the time expires. Warnings appear when all the time, 5 minutes, 1 minute and 30 seconds remain Not allowed. This test can only be taken once Force This can be saved and resumed at any point until time has expired. The time will continue to run if you leave the best Your answers are saved automatically utes, 35 seconds > Moving to another cuttion will save this response Question 15 Bernabe, Inc. uses the perpetual inventory wystem. On September 1, 2019. the inventory account in Bernabe, Inc.'s general ledger has a balance of $20,000 assume normal balance On September 19, 2019. Lembe purchaus 5200,000 worth of merchandise with credit terms 31100 On September 21, 2019. Berabereturn $10,000 worth of defective merchandise On September 24, 2019, lembe linestory having a cost of $11.000 for salg prke of 122.000. Title of the goods transferred to the budger on September 24, 2019 On September 25, 2015. Bernabe pays the amount due based on the credits Assuming there were the ONLY actions for the month, what will be the inventory account balance in b abe's general ledger at September 30, 2019 5704,300 5173.300 5151.000 5193.300 -5199.000 MacBook Air C N Question 16 Charles Company uses the periodic inventory system. Inventory records for 2019 are as follows. January 1 -- Beginning inventory .................. 2,000 units February 23-- Purchase .. .4,000 units March 19 -- Purchase ..6,000 units July 14-- Purchase ..3.000 units November 18- Purchase ... .3,000 units December 31- Ending inventory ..................8,000 units Charles sells its units for $3 each. Based on the information above, which of the following statements is correct? Cost of goods sold for 2019 is $30,000. Charles had 18,000 units available to sell during 2019. Charles Company sold 18,000 units during 2019. Charles sold 8,000 units during 2019. Charles had 18,000 units remaining at December 31, 2019. Moving to another question will save this response. MacBc F4 DUIM lime has expired. The time will co Your answers are saved automatically you leave the best inutes, 22 seconds. Moving to another question will save this response Question 14 Question 14 of 36 2.85714 points Sets Arizona Corp. has a year end of December 31. Arizona prepares its financial statements annually. The adjusted trial balance (NO MORE ADJUSTING ENTRIES ARE NEEDEDI shows December 31, 2019 Call accounts have normal balances December 31, 2019 General Ledger Balances Bad debt expense $50,000 Accounts Receivable 1.500,000 Allowance for Doubtful Accounts 150.000 What amount would be reported on Arizona Corp's balance sheet as the NET accounts receivable the cash realizable value) at December 31, 20199 1,450,000 $1,650,000 51.350,000 51.300.000 $1,500,000 Question 14 of 16 Moving to another question wil Less than half of the time remains > Moving to another question will save this response. Question 15 Bernabe, Inc. uses the perpetual inventory system. On September 1, 2019, the inventory account in Bernabe, Inc.'s general ledger has a balance of $20,000 assume normal balance) On September 19, 2019, Bernabe purchases $200,000 worth of merchandise with credit terms 3/10, net 30. On September 21, 2019, Bernabe returns $10,000 worth of defective merchandise. On September 24, 2019, Bernabe sells inventory having a cost of $11,000 for a selling price of $22,000. Title of the goods transferred to the buyer on September 24, 2019. On September 25, 2019, Bernabe pays the amount due (based on the credit terms) Assuming these were the ONLY transactions for the month, what will be the inventory account balance in Bernabe's general ledger at September 30, 2017 $204,300 $173,300 $193,000 5193,300 $199,000 > Moving to another question will save this response. A Moving to another question will save this response. Question 16 Charles Company uses the periodic inventory system. Inventory records for 2019 are as follows. January 1 -- Beginning inventory .............. 2,000 units February 23 -- Purchase ... .4,000 units March 19 -- Purchase ... .6,000 units July 14-- Purchase ... ...3,000 units November 18- Purchase ............3,000 units December 31- Ending inventory ..8,000 units Charles sells its units for $3 each. Based on the information above, which of the following statements is correct? Cost of goods sold for 2019 is $30,000. Charles had 18,000 units available to sell during 2019. Charles Company sold 18,000 units during 2019. Charles sold 8,000 units during 2019. Charles had 18,000 units remaining at December 31, 2019. ) Moving to another question will save this response. TOUPwers are saved automatically to run you leave the minutes, 21 seconds Status: Moving to another question will save this response Question 17 Question 1716 you can d e weg You are a banker and you are analyzing financial statements for the companies that both distribute the sole. One of the net accounts receivable). EBN, Inc. has an accounts receivable turnover of 91 and Mine has a you are long c o r of 7.5. Based on these EBN is selling its inventory at a faster pace than SRM. EBN has a greater bad debt expense than SRM EEN has a greater accounts receivable balance than SRM The customers of EBN are paying their balances owed to EBN faster than the customers of SRM the balances to SM EBN has greater sales than SAM Moving to another question will save this response On 17 MacBook Air ER Trul