1.A company receives 6.5%, 60-day note for $9,650. The total amount of cash due on the maturity date is

A. $104.54

B. $99.72

C $9,650.00

D. $9,754.54

2. A 60-day note issued on April 18 has a maturity date of

A. June 17

B. June 18

C June 19

D. June 20

3.On December 31 of the current year, a company's unadjusted trial balance included the following: Accounts Receivable, debit balance of $97,250; Allowance for Doubtful Accounts, credit balance of $ 951 . What amount should be debited to Bad Debts Expense , assuming 4 % of outstanding accounts receivable at the end of the current year will be uncollectible? (Hint: Balance sheet Method)

A.$2939

B.$3992

C.$4884

D.$5835

4. Lemming makes an $18,750, 120 days ,8% cash loan to notions co.on november 1. lemmings end of period adjusting entry on december 31 includes a debit to interest expense and credit to interest payable.

A.T

B.F

5.Victory Company purchases office equipment at the beginning of the year at a cost of $15,000 The machine's useful life is estimated to be 5 years with a $1,000 salvage value. The book value at end of 5 years is:

A. $2,143.

B. $2,000

C. $1,000.

D. $14,000

6.A company purchased a delivery van for $28,000 with a salvage value of $3,000 on September 1, Year 1. It has an estimated useful life of 5 years. Using the straight-line method, how much depreciation expense should the company recognize on December 31, Year 1?

A.$5,000

B.$1,667

C.$1400

D.$1250