Seasons Hospital uses the allowance method to account for its uncollectible accounts. It has the following balances on December to any Accounts Receivable = $100,000; Allowance for Uncollectible Accounts - $1.000 (credin) he hospital estimates uncollectible accounts to be 25% of accounts receivable. after the year-end adjustment is made, how much is net Accounts Receivable Multiple Choice $75,000 $76,000 O $100,000 $99,000 Lee Paint, Inc. shipped the wrong color of paint to a customer, who had purchased the paint on account. The author 12% price reduction. Lee Paint, Inc. should record this price reduction by Crediting Accounts Receivable and debro Multiple Choice Sales Discounts Sales Allowances Sales Revenue Purchase Discounts Arizona Company reports its inventory at the lower of cost and net realizable value (NRV) Below is information related to itsytor-end Inventory Inventory Item Product A Product B Quantity 500 600 Cost per Unit $10 $10 NRV per Unit $8 $11 Calculate the ending Inventory at the lower of cost and net realizable value. Multiple Choice $10,600 It is not possible to determine with the information given. $11,000 O $10,000