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$10,000 d,$20,000 and Use the following information to answer Questions 48-50: Unadjusted Trial Balance Adjusted...

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Accounting

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$10,000 d,$20,000 and Use the following information to answer Questions 48-50: Unadjusted Trial Balance Adjusted Trial Balance Adjustments Cr Dr Cr Dr Cr Dr 40,000 Accounts Receivable Allowance for Doubtful Accounts 2,000 Supplies on Hand Utilities Payable Notes Payable Bad Debt Expense Supplies Ex Utilities Expense 800 6,000 10,000 800 2,300 8,000 1,000 48. If the partial adjustment shown for Utilities Expense is correct, what would be the adjusted trial balance amount for Utilities Payable? a. $1,000 debit b. $4,000 credit c. $6,000 debit d. $7,000 credit 49. If the adjustment shown for Supplies Expense is correct, what is the ad- justed trial balance amount for Supplies on Hand? a. $800 b. $1,600 c. $2,400 d. $0 50. If the company estimates that it will not be able to collect 3% of accounts receivable, the debit to Bad Debt Expense in the adjustments column is a. $3,200. b. $2,000. c. $1,200. d. $0

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