Answer:
correct option is $750
Explanation:
solution
we know here that Net balance of opening accounts receivable is 
Net balance of opening accounts receivable = $30000 - $500 
Net balance of opening accounts receivable = $29500
and
Credit sales during the year is here $7500
0
and Cash payments received = 74550
so 
uncollecectible account expenses = credit sales × % of sale uncollectible
so uncollecectible account expenses = $75000 × 1%
 uncollecectible account expenses  = $750
so correct option is $750
 
        
             
        
        
        
Answer:
Dr Retained earnings $8.2
Cr Inventory $8.2
Explanation:
By changing method of an inventory valuation, the company should apply it retrospectively based on IAS 8 guidelines on change in accounting estimates and errors. Thus, the said difference from FIFO method to Weighted Average method of valuation should be credited directly against Retained earnings account because, accounts are already closed right after the year ended.
$32-$23.8= $8.2 million
To record the said adjustment you have to
Debit Retained earnings and credit Inventory in the amount of $8.2 million. 
 
        
             
        
        
        
Answer: $50000
Explanation:
Based on the information that's been given in the question, firstly we need to calculate the excess reserves which will be:
= $4500 - (10% × $40000)
= $4500 - $4000
= $500
Then, the money supply that's expanded will be:
= Excess reserve / Reserve ratio
= $5000 / 10%
= $5000 / 0.1
= $50000
Therefore, the answer is $50,000.
 
        
             
        
        
        
Ashley is not happy.   (is this the full question?... it looks like it is missing the last sentence