14. A company has net credit sales of $900,000 for the year and it estimates that uncollectible accounts will be 2% of sales. If Allowance for Doubtful Accounts has a credit balance of $1,000 prior to adjustment, its balance after adjustment will be a credit of a. $18,000. b. $19,000 c. $17,980. d. $17,000. 15. Major advantages of credit cards to the retailer include all of the following except the a. credit card issuer does the credit investigation of customers. b. credit card issuer undertakes the collection process. C. retailer receives more cash from the credit card issuer. d. All of these are advantages. 16. Retailers generally consider sales from the use of national credit card sales as a a. credit sale. b. collection of an accounts receivable. c. cash sale. d. collection of a note receivable. 17. The maturity value of a $90,000, 10%, 60-day note receivable dated July 3 is a. $90,000. b. $99,000. c. $105,000. d. $91,500. 18. A note receivable is a negotiable instrument which a. eliminates the need for a bad debts allowance. b. can be transferred to another party by endorsement. c. takes the place of checks in a business firm. d. can only be collected by a bank