Multiple choice: 1. Entity A’s accounts receivable has a balance of ₱10,000. If the related allowance for bad debts account has a balance of ₱4,000, the carrying amount of accounts receivable in Entity A’s financial statements is A. 14,000 B. 6,000 C. 4,000 D. 0 2. Revenues earned from sales of goods are recorded in this account A. Sales B. Service fee C. Interest income

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