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please help Accounting 10:14 8 7 1 1 78%4 Assessment 5 > Question 1 Not yet answered Marked out of 1.00 On June 1, 800

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10:14 8 7 1 1 78%4 Assessment 5 > Question 1 Not yet answered Marked out of 1.00 On June 1, 800 of goods are sold with credit terms of 1/10, n/30. How much should the seller expect to receive if the buyer pays on June 8? a. 720 O b. 784 O C. 792 O d. 800 O CLEAR MY CHOICE NEXT > E E O10:16 Assessment 5 E O10:16 Assessment 5 E E O10216 6 Assessment 5 t' 4 Not yet answered Ques '0\" Marked out of 1.00 The seller is responsible for the costs of shipping its goods to the buyer when the terms of the sale are FOB a. destination 0 b 0 shipping point CLEAR MY CHOICE ( PREVIOUS NEXT > 10:16 Assessment 5 Question 5 Not yet answered Marked out of 1.00 A company estimates that 20,000 of its 500,000 of account receivable will be uncollectible. Its Allowance for Doubtful Accounts presently has a credit balance of 8,000. The adjusting entry will include a to the Allowance for Doubtful Accounts. a. credit of 12,000 O b. debit of 28,000 O C. debit of 12,000 O d. O credit of28,000 CLEAR MY CHOICE E E O10:17 Assessment 5 E O10:1? 6 Assessment 5 Not yet answered QUEStlon 7 Marked out of 1.00 On June 1, 800 of goods are sold with credit terms of U10, n/30. On June 3 the customer returned 100 of the goods. How much should the seller expect to receive if the buyer pays on June 8. 700 O 2'93 0 392 O 2'92 0 CLEAR MY CHOICE 10:1? 6 Assessment 5 Not yet answered Marked out of 1.00 Question 8 After several years of operations, a company's Bad Debts Expense for a given year is likely to be the same as its balance in Allowance for Doubtful Accounts. a. False O b. True 0 CLEAR MY CHOICE 10:17 A 26 1 .| 79%4 Assessment 5 E O

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