Accruing Interest Expense will: O a Increase total liabilities O b. Decrease total assets Oc Increase stockholders' equity Od Increase Working Capital O e Increase total receivables Under the allowance method of recording bad debts, what is the effect of the year end adjusting journal entry: O a Has no effect on Bad Debt Expense Ob Decreases the net realizable value of Accounts Receivable Oc Increases the net realizable value of Accounts Receivable Od Decreases the Allowance for Doubtful Accounts A machine purchased on 1/31/21 for $24,000 and on which $14.400 of Accumulated Depreciation has been recorded through 12/31/23 was sold on 4/1/24 Straight line depreciation was used. Salvage Value was zero Asset life was Skyears. If the machine was sold for $16,000 cash the journal entry to record this event would include a gain of Select one a $1,600 Ob $8.400 O CA$6,400 Od 57,600