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%)?

Depreciation is the process of allocating the cost of a plant asset over its service life in

A. an equal and equitable manner B. an accelerated and accurate manner C. a systematic and rational manner D. a conservative market-based manner

___________ plies that an organization operates with an awareness of its obligation to society.

A. Corporate social responsibility B. Corporate social obligation C. Corporate conscience D. Corporate citizenship