1-During the year, Culver Company wrote off a $33000 uncollectible account. Before this entry was made, the balance in accounts receivable was $340000 and the balance in the allowance account was $38000. The accounts receivable amount expected to be collected after the write-off was

Select answer from the options below

$340000.

$269000.

$335000.

$302000.

2-Tamarisk Company received a seven-year zero-interest-bearing note on February 22, 2025 in exchange for property it sold to Flint Company. There was no established exchange price for this property and the note has no ready market. The prevailing rate of interest for a note of this type was 8.0% on February 22, 2025, 8.5% on December 31, 2025, 8.6% on February 22, 2026, and 9.0% on December 31, 2026. What interest rate should be used to calculate the interest revenue from this transaction for the years ended December 31, 2025 and 2026, respectively?

Select answer from the options below

8.0% and 8.0%

8.5% and 9.0%

8.0% and 9.6%

0% and 0%