13. Interest is usually associated with a. accounts receivable. b. notes receivable. c. doubtful accounts. d. bad debts. 14. Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $55,000. If the balance of the Allowance for Doubtful Accounts is an $11,000 debit before adjustment, what is the amount of bad debt expense for that period? a. $55,000 b. $11,000 c. $66,000 d. $44,000 15. The interest on a $15,000,6%,90-day note receivable is a. $900. b. $450. c. $225. d. $675. 16. On April 5, Donna's Boutique accepted a Visa card for a $750 purchase. Visa charges a 2% service fee. The entry to record this transaction would include a a. credit to Cash of $735. b. debit to Cash of $750. c. debit to Service Charge Expense of $15. d. credit to Service Charge Expense of $15. 17. A company purchased land for $350,000 cash. The real estate brokers' commission was $25,000 and $35,000 was spent for demolishing an old building on the land before construction of a new building could start. Under the historical cost principle, the cost of land is a. $385,000. b. $350,000. c. $375,000. d. $410,000