Which of the following would not be included under the account category of expenses?

A$.$ Cost of goods sold.

B$.$ Interest expense.

C$.$ Prepaid insurance expense.

D$.$ Income tax expense.

Which of the following describes the impact on the balance sheet when cash is received from the collection of an account receivable?

A$.$ Current assets will not change.

B$.$ Current assets will increase.

C$.$ Stockholders' equity will increase.

D$.$ Total assets will increase.

Upon completing an aging analysis of accounts receivable, the accountant for Rosco Works prepared and aging of accounts receivable and estimated that $$5,000$ of the $$98,000$ accounts receivable balance would be uncollectible. The allowance for doubtful accounts had a $$400$ debit balance at year$-$end prior to adjustment.

What is the amount of bad debt expense?

A$.$ $$5,000.$

B$.$ $$5,400.$

C$.$ $$4,600.$

D$.$ $$400.$

$4.$ Coleman Company has provided the following information: beginning inventory, $$200,000$; cost of goods sold, $$900,000$; and ending inventory, $$160,000.$

How much were Coleman's inventory purchases?

A$.$ $$900,000.$

B$.$ $$820,000.$

C$.$ $$860,000.$

D$.$ $$840,000.$