Question 8 9 units @10 BU each.The weighted average cost per unit for the above inventory is:O 9.5 BDO 9.67 BD10 BD9 BDQUESTION 8ESG company sold merchandise with a cost of $1,500 for $4,500 cash. The journal entry to record this transaction includes:O Dr. to accounts receivable and Cr. to sales; $4,500O Dr. to accounts receivable and Cr. to sales; $1,500O Dr. to cash and Cr. to sales; $1,500Dr. to cash and Cr. to sales; $4,500QUESTION 9$100,000.1% of net credit sales2020 Net credit salesEstimate of doubtful debtsAllowance account credit balanceGross Accounts receivable$1,800 before the estimate was made$40,000.Required: Prepare the adjusting entry to record bad debts expense for 2020 using the percentage of saleFor the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).

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e journal entry to record this transaction

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 37E: Analyzing the Accounts Casey Company uses a perpetual inventory system and engaged in the following...

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