1. During March the Sandy Corporation recorded credit sales of $1,000,000. Based on its experience, the company expects to be unable to collect $13,000 of Marchs credit sales. On March 31 the Sandy Corporations balance sheet reported balances in many accounts, including the following: accounts receivable = $80,000, allowance for uncollectible accounts =$23,000, cash = $27,000, supplies = $4,200, and accounts payable $29,000. Calculate the dollar amount of the Sandy Corporation's March Bad Debt expense.

2. During March the Sandy Corporation recorded credit sales of $1,000,000. Based on its experience, the company expects to be unable to collect $13,000 of its Marchs credit sales. On March 31 the Sandy Corporations balance sheet reported balances in many accounts, including the following: accounts receivable = $80,000, allowance for uncollectible accounts = $20,000, cash = $27,000, supplies = $4,200, and accounts payable $29,000. Determine the dollar amount of cash the Sandy Corporation expects to eventually collect from those customers who owed the company as of March 31.

3. The Harold Corporation borrowed $4,000,000 cash on April 16 by signing a 30-day, 10% note. The loan and interest are to be paid on May 15. What is the dollar amount of the Harold Corporations total interest expense over the life of the loan (round to nearest dollar)?

4. Given the information in the table below, what is the companys net sales? Sales returns and allowances $10,000 Sales $400,000 Ending inventory $230,000 Cost of goods sold $180,000 Bad Debt Expense $70,000 Accounts receivable $280,000