This Question: 2 pts 20 of 51 14 complete This Test: 100 pts possible 0 On December 31 of the current year, Jerome Company has an accounts receivable balance of 5327.000 before any yow and just ents. The lowance for Dout Accounts has a $1.500 credit bance. The company prepares the following aging schedule for counts receivable 31-60 61 - 0 Total Balance + days days ever days $327.000 5158,000 500,000 $57.000 $22.000 Percent uncollectible 1% 2 5% 22 What is the Allowance for Un colectie Accounts at December 31 of the current you aterimet? O A 59,570 OB. $12.570 OC 51.500 OD. $11.070 This Question: 1 pt 21 of 51 (14 complete This Test On October 1, 2018, Golde Company paid $22.200 for one year of insurance for the period, October 1, 2018 through September 30, 2018. Which of the following will be part of the justing entry on December 31, 2017 O A. Debit insurance Expense for $16,650 OB. Debit Insurance Expense for 55,550 OC. Debit Prepaid Insurance for $16,650 OD. Debit Prepaid Insurance for $5.550 This Question: 2 pts 22 of 51 (14 co A $8,000, 5% bond is sold at 96. When the bond is issued, the Cash account will be increased by: O A. $7.680 B. $8,320 C. $8,080 D. $8,000 23 of 51 is Question: 1 pt Vhich of the following costs for a delivery vehicle should NOT be capitalized? O A. repair air conditioning system OB. repair dented fender O c. service air conditioning system OD. all of the above This Question: 2 pts 25 of 51 (14 complete) Kathy's Comer Store has total cash sales for the month of $33,000 excluding sales taxes. If the sales tax rate is 7%, which joumal entry is needed? (Ignore Cost of Goods Sold.) O A. debit Cash $35,310, credit Sales Revenue $35,310 B. debit Cash $35,310, credit Sales Revenue $33,000 and credit Sales Tax Payable $2,310 C. debit Cash $33,000 and credit Sales Revenue $33,000 OD. debit Cash $30,690, debit Sales Tax Receivable for $2,310 and credit Sales Revenue for $33,000