Newton Company Uses the Allowance Method of Accounting for Uncollectible

question 81

Multiple Choice

Newton Company uses the allowance method of accounting for uncollectible accounts.On May 3,the Newton Company wrote off the $3,000 uncollectible account of its customer,P.Best.On July 10,Newton received a check for the full amount of $3,000 from Best.On July 10,the entry or entries Newton makes to record the recovery of the bad debt is:

• A) \[\begin{array} { | l | r | r | }
• \hline \text { Accounts Receivable - P. Best } & 3,000 & \\
• \hline \text { Allowance for Doubtful Accounts } & & 3 , 0 0 0 \\
• \hline \text { Cash } & 3,000 & \\
• \hline \text { Accounts Receivable - P. Best } & & 3 , 0 0 0 \\
• \hline
• \end{array}\]
• B) \(\begin{array}{|l|r|r|}
• \hline \text { Cash } & 3,000 & \\
• \hline \text { Bad Debts Expense } & & 3,000 \\
• \hline
• \end{array}\)
• C) \(\begin{array}{|l|r|r|}
• \hline\text { Accounts Receivable - P. Best } & 3,000 & \\
• \hline \text { Bad Debts Expense } & & 3,000 \\
• \hline \text { Cash } & 3,000 & \\
• \hline \text { Accounts Receivable - P. Best } & & 3,000\\
• \hline
• \end{array}\)
• D) \(\begin{array}{|l|l|l|}
• \hline\text { Allowance for Doubtful Accounts } & 3,000 & \\
• \hline \text { Accounts Receivable-P. Best } & & 3,000 \\
• \hline \text { Accounts Receivable-P. Best } & 3,000 & \\
• \hline \text { Cash } & & 3,000 \\
• \hline
• \end{array}\)
• E) \(\begin{array}{|l|r|r|}
• \hline \text { Cash } & 3,000 & \\
• \hline \text { Accounts Receivable - P. Best } & & 3,000 \\
• \hline
• \end{array}\)

Explain the process of detecting and interpreting visual information through feature detectors.

Discuss how sensory experience can be influenced by psychological states.

Know the physiological basis for the perception of motion, form, and depth.

Explain the role of the visual cortex in perception and how damage can affect vision.