Consider the following two options proposed by an auto dealer: Option A: purchase the vehicle at the normal price of $50,000 and pay for the vehicle over 48 months with equal monthly payments at 3% APR financing. Option B: purchase the vehicle at a discounted price of $48,056.90 to be paid immediately. The funds that would be used to purchase the vehicle are presently in a savings account that earns 5% compounded monthly. Which option is more economically sound

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)