11, Investment of $60,000 cash for a 25% a. Cash ownership interest with a bonus to the new partner Noelle Capital b. Cash 60,000 Noelle Capital Mary, Capital Rob, Capital 90,000 C. Cash 60,000 24,000 6,500 Noelle Capital d. Cash 90,000 Mary, Capital Rob, Capital 90,000 60,000 24,000 6,000 Noelle Capital 90,000 12. For J&M Partnership, beginning capital balances on January 1, 2017, are James Smith $35,000 and Maya Bond $25,000. Additional investments during 2017 by each partner are James Smith $50,000 and Maya Bond $40,000. During the year, drawings were Smith $8,000 and Bond $10,000. Net income was $100,00, and the partners share income equally. What is Maya Bond's Capital at December 31, 2017 $115,000 $125,000 C. $232,000 d. $105,000 13. Net Accounts Receivable- a. b. Accounts Receivable less Allowance for Doubtful Accounts Accounts Receivable plus Allowance for Doubtful Accounts Z-Pad Co. uses the allowance method for accounting for their bad debt. They estimate their bad debt expense based upon net credit sales. Past experience shows that about 1% of net credit sales each year ar 14. llectible. The net credit sales for the year is $10,000,000. The adjusting entry for bad debts would be 10,000 10,000 a. Allowance for Doubtful Accounts b. Bad Debts Expense c Bad Debts Expense d. Bad Debts Expense Bad Debts Expense Allowance for Doubtful Accounts Allowance for Doubtful Accounts Accounts Receivable 10,000 100,000 100,000 100,000 100,00 e following information to answer questions 15 to 17 ember 31, 2017, Microworld Company had a credit balance of $18,100 in Allowance for Doubtful Account 2017, Microworld wrote off accounts totaling $12,900. One of those accounts ($2,100) was later collecte ber 31, 2017, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should b 12,900 the $17 900 uncollectible accounts is