please help with accounting

1 question, 5 parts

Keri Co. had sales for the yoar totaling $60,000. Based on experience, managoment estimates 8% of sales will be refunded to customers. Management also estimates 51,800 of imventory will be returned. What is the adjusting journal entry to be recorded for the refund liability? Dr COGS 1,800; Cr Sales Refunds Payable 1,800 Dr Sales Refunds Payable 1,800; Cr Cash 1,800 Dr Sales Refunds Payable 1,800; Cr 5ales Returns and Allowances 1,800 Dr 5ales fieturns and Allowances 4,800 ; Cr Sales Refunds Payable 4,800 Roger Company has the following information at year-end before adjusting for bad debt: Credit Sales: $300,000 Accounts Receivable: $48,000 The company uses the income statement method to report bad debt, estimating 1% of credit sales will be uncollectible Given this information, which h of the following statements is true? The company should credit Bad Debt Expense $480. The company should debit Bad Debt Expense $3,000. The company should debit Bad Debt Expense for $480. The company should credit Bad Debt Expense $3,000. Sofia Co. has the following information at their normal balances: - Credit Sales: $225,000 - Accounts Receivable: $39,000 - Allowance for Doubtful Accounts: $5,600 Given this information, what is the net realizable value of accounts receivable? $33,400 $219,400 $44,600 $186,000 Assume a company has the following information: - Note Receivable: $210,000 - Interest Rate: 5% - Term: 6 months Given this information, what is the amount of monthly interest revenue for the note? $1,750 $10,500 $5,250 $875 What can a company do to improve its accounts receivable turnover? Improve utilization of long term assets Collect on receivables more frequently Increase gross margins Increase cash sales