On January 1, 2012, Howe Company’s Accounts Receivable balance was $10,000 and the balance in the Allowance for Doubtful Accounts was $500.

On January 1, 2012, Howe Company’s Accounts Receivable balance was $10,000 and the balance in the Allowance for Doubtful Accounts was $500. On January 5, 2012, a $200 uncollectible account was written-off as uncollectible. The amount of net realizable value of receivables on the company’s 2012 balance sheet was (Points : 7)$14,400.$10,100.$12,350.$1,350.During November 2012, Hall Company purchased two identical inventory items. The item purchased first cost $12.00, and the item purchased second cost $15.00. Hall sold one of the inventory items for $20.00. Based on this information (Points : 7)the amount of gross margin would be $5.00 if Hall uses the weighted average cost flow method.the amount of cost of goods sold would be $12.00 if Hall uses the weighted average cost flow method.the amount of gross margin will be $5.00 if Hall uses the FIFO cost flow method.the amount of ending inventory will be $12.00 if Hall uses the LIFO cost flow method.

1. On January 1, 2012, Howe Company’s Accounts Receivable balance was $10,000and the balance in the Allowance for Doubtful Accounts was $500. On January 5,2012, a $200 uncollectible account was…

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