On December 31, 2021, Larry's Used Cars had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $59,000 and $875, respectively. During 2022, Larry's wrote off $2,650 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $5,250 at December 31, 2022. Bad debt expense for 2022 would be: Multiple Choice O O $875. o $3,475 O $5.250. $7,025 O Given the information below about Thomas Corporation, what was the amount of dividends the company paid in the current period? Beginning retained earnings Ending retained earnings Decrease in cash Net income Change in stockholders' equity $ 57,000 $100,000 $ 9,800 $ 83,000 $ 24,000 Multiple Choice $30,200 $100,000 $40,000 SO On July 7, Saints Incorporated received $10,500 in cash from a customer for services to be provided on October 10. Which of the following describes how the transaction should be recorded on July 7? Multiple Choice Debit Deferred Revenue $10.500, credit Cash $10,500 Debit Cash $10.500, credit Service Revenue $10.500 Debit Cash $10.500, credit Deferred Revenue $10,500 Debit Accounts Receivable $10.500. credit Service Revenue $10.500 Eve's Apples opened for business on January 1, 2021, and pald for two Insurance policies effective that date. The liability policy was $41.400 for 18 months, and the crop damage policy was $24,000 for a two-year term. What was the balance in Eve's Prepaid Insurance account as of December 31, 2021? Multiple Choice $39.600 o $12.000 O $65,400 $25.800