Q. A write-oll of an account recelvable: A. reduces net income B. reduces net accounts recelvable C. foduces the allowance for doutedil accounts D. al of the above. QUESTION 17 Q. A company offers credt toms of 310, N30. A customer who purchased $3,000 of merchandise on account on May 12 pays their invoice in full on May 22 . The amount of cash payment necessary to satidy the accounts receivable in full on that date is: $3,000$2,910$2,7002,940 Q. A company purchases $4,000 of products for its merchandse inventory on account. The invoice is dated Apri 3 with payment terms of 2/15, n/45. If the company pays the invoioe on April 17 , the joumal entry will include A. a creds to imventory of $80 B, a debit to cash of $3,920 C a debt to accounts payable of $3.920 D. a credit to sales discounts of $120 QUESTION 19 Q: On Jaruary 1, a company borrows $12,000. The annual inderest rate is 4 perceet. Loan repayment, including all interest, due in 6 months. The complany prepares quarterly financial satements on June 30. What amount of cash payment for total inserest expense will the compary report on that dale as a result of this borrowing? A. 180 B. 90 C. 120 D. 160