Y Company obtained the following balances from its computerized ...

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Y Company obtained the following balances from its computerized accounting information system at the end of the year before adjustments:
 
  Accounts receivable  27,000
  Allowance for uncollectible accounts (3,000)
  Net sales 100,000
  Bad debts expense 0
 
  The company estimates that 2 of net sales will be uncollectible. After the correct adjusting entry has been made, what is the Net accounts receivable on the year-end balance sheet?
  A) This is a trick question. Accounts receivable appear on the income statement, not the balance sheet.
  B) 24,000
  C) 22,000
  D) 27,000

Question 2

The form used to assemble the data required at the end of each payroll period is the ___________________ _.
 Fill in the blank(s) with correct word

[Viet Thy]

Answer to Question 1

C

Answer to Question 2

payroll register

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Thank you

[Viet Thy]

No problemo