Netherland Corporation Has the Following Unadjusted Balances: Accounts Receivable,$80,000 (Debit),and $\begin{array}{|l|r|r|}\hline \text { Accounts Receivable } & 80,000 & \\\hline \text { Sales } & & 80,000 \\\hline\end{array}$

question 256

Multiple Choice

Netherland Corporation has the following unadjusted balances: Accounts Receivable,$80,000 (debit) ,and Allowance for Sales Discounts $300 (credit) .Of the receivables,$50,000 of them are within the 2% discount period,and Netherland expects buyers to take $1,000 in future-period discounts ($50,000 × 2%) arising from this period's sales.The adjusting entry to estimate sales discounts is (are) :

• A) \(\begin{array}{|l|r|r|}
• \hline \text { Accounts Receivable } & 80,000 & \\
• \hline \text { Sales } & & 80,000 \\
• \hline
• \end{array}\)
• B) \(\begin{array}{|l|r|r|}
• \hline \text { Sales Discounts } & 50,000 & \\
• \hline \text { Sales } & & 50,000 \\
• \hline \text { Cost of Goods Sold } & 1,000 & \\
• \hline \text { Inventory Returns Estimated } & & 1,000 \\
• \hline
• \end{array}\)
• C) \(\begin{array}{|l|r|r|}
• \hline \text { Sales Discounts } & 700 & \\
• \hline \text { Allowance for Sales Discounts } & & 700 \\
• \hline
• \end{array}\)
• D) \(\begin{array}{|l|r|r|}
• \hline \text { Sales Discounts } & 1,000 & \\
• \hline \text { Accounts receivable } & & 1,000 \\
• \hline
• \end{array}\)
• E) \(\begin{array}{|l|r|r|}
• \hline \text { Sales Discounts } & 1,000 & \\
• \hline \text { Allowance for Sales Discounts } & & 1,000 \\
• \hline
• \end{array}\)

Acknowledge the necessary conditions for correctly coupling a tractor's fifth wheel to a trailer's upper coupler.

Assess the reasons for and implications of different fifth wheel and upper coupler issues (e.g., high hitch condition, distorted bolster plates).

Understand the types and components of 5th wheels used in the trucking industry.

Recognize the couplings and connections in different trailer combinations.

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A phase of bipolar disorder characterized by an elevated or irritable mood, hyperactivity, and often rapid speech, lasting at least a week.