QUESTION 1 IL a company wrote off an A/R in a current year, there is an impact on earnings from that transaction. True False QUESTION 2 Suppose that during a current year, Accounts Receivable began at $20,000. The year also saw charge sales increase $200,000 with cash collections of $170,000. A/R balance at year end is correctly stated at $20,000. A plausible explanation for this is that in addition to the above: A.Two of the listed answers are correct B. N/R of $30,000 was written-off OC.N/R of $20,000 was written-off OD. An additional $30,000 was charged to bad debt expense E. Inventory in the amount of $20,000 was impaired. Click Save and Submit to save and submit. Click Save All Answers to save all answers. Type here to search o