Question 22 Not yet answered Nuck Chorris Company wrote-off a customer's $5,000 accounts receivable. Two months later, it receives full payment ($5,000) from the customer. Points out of 00 In recording this transaction, which of the following are true? Check all that are true. - Flag uestion Select one or more: O Accounts receivable is debited/increased for $5,000 Accounts receivable is credited/decreased for $5,000 O Allowance for doubtful accounts is debited/decreased for $5,000 Allowance for doubtful accounts is credited/increased for $5,000 O Bad debt expense is debited/increased for $5,000 Bad debt expense is credited/decreased for $5,000 Cash is debited/increased for $5,000 O Cash is credited/decreased for $5,000 uestion 23 The following ratios are provided for two companies: ot yet nswered oints out of 00 XYZ ABC - Flag Current ratio (current assets / current liabilities) uestion 2.35 1.87 Debt to total assets ratio (total liabilities / total assets) 0.73 0.68 Which of the following statements is true given the provided ratio values? Select one: O ABC is more liquid and more solvent than XYZ O XYZ is more liquid and more solvent than ABC