The housing market has come to a standstill and the government wants to encourage first-time home buyers to make housing purchases. What action can the Fed take that will most likely result in more first-time home purchases? decrease interest rates

sell bonds to commercial banks

increase reserve requirements

increase interest rates

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false