At December 31, 2024, Crane Imports reported this information on its balance sheet. Accounts receivable $587,000 Less: Allowance for doubtful accounts 36,000 During 2025, the company had the following transactions related to receivables. 1. Sales on account $2,650,000 2. Sales returns and allowances 55,000 3. Collections of accounts receivable 2,350,000 4. Write-offs of accounts receivable deemed uncollectible 40,500 5. Recovery of bad debts previously written off as uncollectible 15,300 (a) Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (Omit cost of goods sold entries.) (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)

LO 7.4 Name the four main special journals.

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Problem 9-25 Fudge factors An oil company executive is considering investing $10.1 million in one or both of two wells: well 1 is expected to produce oil worth $3.01 million a year for 10 years; well 2 is expected to produce $2.01 million for 15 years. These are real (inflation-adjusted) cash flows. The beta for producing wells is 0.91. The market risk premium is 9%, the nominal risk-free interest rate is 7%, and expected inflation is 3%. The two wells are intended to develop a previously discovered oil field. Unfortunately there is still a 21% chance of a dry hole in each case. A dry hole means zero cash flows and a complete loss of the $10.1 million investment. Ignore taxes and make further assumptions as necessary. a. What is the correct real discount rate for cash flows from developed wells? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Real discount rate b. The oil company executive proposes to add 20 percentage points to the…

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Answer Question 4

Q4. What is the meaning of: b.  n/eom:

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What is the solution to 0.5x - 2 < 5.5? O A. X < 7 о В. х< 9 С. X < 13 D. x < 15

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