1) On February 1, 2024, a company lends cash and accepts a $2,500 note receivable that offers 16% interest and is due in six months. What would the company record on August 1, 2024, when the borrower pays the correct amount owed?

2) On July 8, Angstrom, Incorporated sold 100 printers to Office Rental Company at $600 each and offered a 2% discount for payment within 10 days. On July 15, Office Rental Company paid the full amount in cash. What should Angstrom record on July 15?

3) A company has the following adjusted balances on December 31, 2024: Accounts Receivable = $76,000; Service Revenue = $400,000; Allowance for Uncollectible Accounts = $3,000; Cash = $23,000.

Required: Calculate net accounts receivable.

4) A company has the following adjusted balances on December 31, 2024: Accounts Receivable = $62,000; Allowance for Uncollectible Accounts = $6,400.

Required: Calculate net accounts receivable.