Your professor showed you an online video of the chair of the federal reserve bank speaking to the american public. the message she is conveying indicates that fed economists are worried about inflation and believe the best course of action would be to slow the economy. which of the following policies is the fed most likely to pursue?
(a)- restrict the money supply and increase interest rates.
(b)- restrict the money supply and decrease interest rates.
(c)- un-restrict the money supply and increase interest rates.
(d)- none of these

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?