Abbot Safe & Lock
the Following Information Was Obtained from the Company's

question 158

Multiple Choice

Abbot Safe & Lock
The following information was obtained from the company's records for Year 1:
$\begin{array}{lr}\text { Credit sales during the year } & \$ 3,200,000 \\\text { Accounts receivable-December 31, Year 1 } & 325,000 \\\text { Allowance for doubtful accounts-December 31, Year 1 } & 35,000 \\\text { Bad debt expense for the year } & 20,000\end{array}$

-Refer to the figure Art Shoes.At the maturity date,the customer pays for the note and interest.The company made the proper adjustment at the end of December for interest.What is the effect of recognizing the transaction on the maturity date?

• A) decrease to cash
• B) increase to notes receivable
• C) increase to discount on notes receivable
• D) decrease to notes receivable

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Definitions:

Cigarette Smoking

The act of inhaling smoke from the combustion of tobacco products, which is known to be harmful to health.

Stage 2 Hypertension

A condition where blood pressure readings consistently show systolic pressure of 140 mm Hg or higher or diastolic pressure of 90 mm Hg or higher.

Blood Pressure

The force exerted by circulating blood on the walls of blood vessels, a critical measure of cardiovascular function and health.

Prehypertension

A condition where blood pressure is higher than normal but not yet high enough to be classified as hypertension, indicating an increased risk of developing high blood pressure.