Electronic commerce is an interdisciplinary field

Helix Company has a $280,000 balance in Accounts Receivable and a $2,000 debit balance in Allowance for Doubtful Accounts. Credit sales for the period totaled $1,800,000. What is the amount of the bad debt adjusting entry if Helix uses a percentage-of-receivables basis (at 10%)?

a. $30,000. b. $28,000. c. $32,000. d. $30,400.

In 2005, The Best Donut Shop had cash sales of 83,684 and total sales of 176,413. Accounts

Receivable were 3,275. What was Accounts Receivable Turnover? A) 25.55 B) 39.71 C) 28.31 D) 53.37