The company’s controller prepared the following aging summary of year-end accounts receivable: summary age group amount percent uncollectible 0–60 days $ 465,000 5 % 61–90 days 80,000 10 91–120 days 68,000 27 over 120 days 78,000 35 total $ 691,000 required: 1. prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. 2. prepare the necessary year-end adjusting entry for bad debt expense. 3-a. what is total bad debt expense for 2018? 3-b. how would accounts receivable appear in the 2018 balance sheet?

In which of the following games is it clearly the case that the cooperative outcome of the game is good for the two players and bad for society? a. two oil companies own adjacent oil fields over a common pool of oil, and each company decides whether to drill one well or two wells.b. two airlines dominate air travel between city a and city b, and each airline decides whether to charge a "high" airfare or a "low" airfare on flights between those two cities.c. two superpowers decide whether to build new weapons or to disarm.d. in all of the above cases, the cooperative outcome of the game is good for the two players and bad for society