re Optic Company uses the allowance method to account for its uncollectible accounts. On February 7, 2021 the company becomes www.the went to the account of $2,500. The Journal entry the company should make on February 7, 2021 to write of the account includere Me Choice Allowance for Uncollectible Accounts Sales Revenue O Accounts Receivable Bad Debt Expense point On November 2, 2021, Urban Medical Clinic provided services on account to a customer for 58.000 with count termorete 20,30 14 What journal entry should Urban Medical Clinic make to record the credit sale on November 2, 2021? Multiple Choice 101.24:55 Account Accounts Receivable Service Revenue Debit Credit 7,840 7,840 Debit Credit 8,000 Account Accounts Receivable Cash Discounts Service Revenue 160 7,840 Account Accounts Receivable Service Revenue Debit Credit 8,000 8,000 Debit Credit Account Accounts Receivable 8,160 Arizona Company reports its inventory at the lower of cost and net realizable value (NRV). Below is information related to send inventory Inventory Item Product A Product B Quantity 500 600 Cost per Unit $10 $10 NRV per Unit $8 $11 What year-end adjusting entry should the company make, if any, to adjust the balance of its inventory account? Multiple Choice No adjusting entry is necessary. O Debit Account Cost of Goods Sold Inventory Credit 1,000 1,000 Account Inventory Cost of Goods Sold Debit Credit 1,000 1,000 Debit O Account Credit 1 nnn Purchaca Nierunt