youl or m the Space provided Consider the following: Cash in Bank -checking account of $18,500, Cash on hand of $500, Post 1. -dated checks received totaling $3,500, and 180 day certificates of deposit totaling $124,000. How much should be reported as cash in the balance sheet? a. 18,500. b. $19,000. c. $ 22,500. d. $136,500. 2. AG Inc. made a $25,000 sale on account with the following terms 1/15, n/30. If the company uses the gross method to record sales made on credit, what is/are the debit(e) in the journal entry to record the sale? a. Debit Accounts Receivable for $24,750. b. Debit Accounts Receivable for $24,750 and Sales Discounts for $250 c. Debit Accounts Receivable for $25,000. d. Debit Accounts Receivable for $25,000 and Sales Discounts for $250 3. Becky had net sales (all on account) in 2017 of $8,000,000. At December 31, 2017, before adjusting entries, the balances in selected accounts were: accounts receivable $1,000,000 debit, and allowance for doubtful accounts $2,000 debit. Becky estimates that 3% of its accounts receivable will prove to be uncollectible. What is the net realizable value of the receivables reported on the financial statements at December 31, 2017? a. $32,000 b. $972,000 c. $968,000 d. $970,000 4. On January 1, 2017, West Co. exchanged equipment for an $800,000 zero-interest-bearing note due on January 1, 2020. The prevailing rate of interest for a note of this type at January 1, 2017 was 10%. The present value of $1 at 10% for three periods is 075. what amount of interest revenue should be included in West's 2018 income statement? a, $0 b. $60,000 C. $66,000 d. $80,000