Which of the following is one way that land contributes to production? A. Ideas are needed to figure out how to use natural resources.
B. Energy from the environment fuels production.
C. Roads allow for the transportation of goods.
D. Tools are created by humans to aid production.
NBMIT

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false