Too little money makes prices fall, which is bad. But printing more money, when there isn't more production, makes prices rise, which can be just as bad. No wonder economics – the study of money, trade and business – is often called the "dismal science."

What conclusion is BEST supported by the paragraph above?

A
Determining how much money to print is a complex process that requires balance.
B
Printing too much money can cause irreversible damage to a country's economy.
C
Studying money requires a depressing look at the money, trade and business of a country.
D
Prices tend to fall when too much money is printed and rise when too little money is printed.

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?