Multiple Choice Question 57 Crane sells softball equipment. On November 14, they shipped $2900 worth of softball uniforms to Bonita Middle School, terms 2/10, n/30. On November 21, they received an order from Vista High School for $1500 worth of custom printed bats to be produced in December. On November 30, Bonita Middle School returned $250 of defective merchandise. Crane has received no payments from either school as of month end. What amount will be recognized receivable on the balance sheet as of November 30? as net acCounts $4150 $2650 $2900 O $4400 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER CALCULATOR PRINTER VERSION BACK NEXT Multiple Choilce Question 86 The direct write-off method of accounting for bad debts uses an allowance account. uses a contra-asset account. does not require estimates of bad debt losses. O is the preferred method under generally accepted accounting principles. Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT SAVE FOR LATER SUBMIT ANSWER Question Attempts: 0 of 1 used Multiple Choice Question 142 Coronado Company receives a $29000, 3-month, 8% promissory note from Sandhill Company in settlement of an open accounts receivable. What entry will Coronado Company make upon receiving the note? 29580 Notes Receivable 29580 Accounts Receivable-Sandhill Company 29000 Notes Receivable 29000 Accounts Receivable-Sandhill Company 29580 Notes Receivable 29000 Accounts Receivable -Sandhill Company 580 Interest Revenue 29000 Notes Receivable 580 Interest Receivable 29000 Accounts Receivable-Sandhill Company 580 Interest Revenue Open Show Work Click if you would like to Show Work for this question: LINK TO TEXT