On July 1, 2106, Jordan Equipment Dealer issued $600,000 of 9% bonds payable that mature in seven years. These bonds were issued at face value and pay interest each June 30 and December 31. Each semiannual interest payment is $27,000

Allowance for Doubtful Accounts on the balance sheet

A. increases the net realizable value of accounts receivable B. is offset against total current assets C. is a contra-account to accounts receivable D. appears under the heading "Other Assets"

________ allowances are price reductions given for turning in an old item when buying a new one

A) Promotional B) Trade-in C) Depreciation D) Segmented E) Functional