1) When an Accounts Receivable is written off using an Allowance method, the:

a) Net Realizable Value (Carrying Amount) of total Accounts Receivable will increase.

b) Allowance for Doubtful Accounts account will decrease.

c) Allowance for Doubtful Accounts account will increase.

d) Total gross Accounts Receivable will stay the same.

2) Research costs:

a) are classified as intangible assets.

b) must be expensed when incurred under both IFRS and ASPE.

c) must be expensed when incurred under IFRS, capitalized as an asset under ASPE.

d) must be capitalized when incurred under both IFRS and ASPE.

3) Instructions:

a) Prepare the journal entry to record the employees weekly payroll on February 15, 2020.

b) Prepare the journal entry to record the employers benefits expense related to the payroll on February 15, 2020.

Lawler Company's gross salaries payroll for the week ending February 15, 2020 was $167,500. The following deductions were withheld from employees' salaries:

Income Taxes............................................................... $50,260

CPP.............................................................................. 7,630

EI................................................................................. 3,300

Union Dues.................................................................. 2,950