At the beginning of 2018 Evan Company had a $1,387 balance in its accounts receivable account and a $409 balance in allowance for doubtful accounts. During 2018, Evan experienced the following events. (1) Earned $2,268 of revenue on account. (2) Collected $1,935 cash from accounts receivable. (3) Wrote-off $747 of accounts receivable as uncollectible. Evan estimates uncollectible accounts to be 2% of sales. Based on this information, the December 31, 2018 balance in the accounts receivable account is

6. why the aggregate supply curve slopes upward in the short run in the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. several theories explain how this might happen. for example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. consider a soybean farmer who expects a price level of 100 in the coming year. if the actual price level turns out to be 90, soybean prices will , and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by the quantity of soybeans supplied. if other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to the natural level of output in the short run.