41. The account that is reported at its net realizable value is: a. Sales Returns&Allowances...
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41. The account that is reported at its net realizable value is: a. Sales Returns&Allowances b. Accounts Receivable c. Equipment d. Notes Payable 42. The journal entry to remove a specific customer's account, once it is identified as uncollectible, would include a: a. Credit to Allowance for Doubtful Accounts b. Debit to Uncollectible Accounts Expense c. Credit to Accounts Receivable-John Smith d. Debit to Sales Revenue 43. The journal entry to remove a specific customer's account, once it is identified as uncollectible, would assets a. Increase b. Decrease c. Not effect d. Eliminate Corporation's adjusted trial balance includes Allowance for Uncollectible Accounts of $37500, Uncollectible Accounts Expense of $18,700, and Accounts Receivable of $136,800. The amount of Cash that the company expects to receive from customers for credit sales which have already been booked is: a. $99,300 b. $118,100 c. $80,600 d. $136,800
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