$ 40,000 . $ 13,000 . $ 5,000 . $ 8,000 . 13- Multiple Choice Question 118
If a retailer regularly sells its receivables to a factor , the service charge of the factor should be classified as a ( n )
contra asset . other expense . selling expense . interest expense . 14- Multiple Choice Question 104
During 2013 , Alfred Inc . had sales on account of $ 132,000 , cash sales of $ 54,000 , and collections on account of $ 84,000 . In addition , they collected $ 1,450 which had been written off as uncollectible in 2012 . As a result of these transactions , the change in the accounts receivable balance indicates a
$ 102,000 increase . $ 100,550 increase . $ 46,550 increase .