2) The current credit balance in allowance for doubtful accounts is $750. Management estimates that 5% of net credit sales of $100,000 will be uncollectible. Based on the foregoing data, what is the bad-debt expense balance on the income statement? A. $5,043 Answer B. $5,000 C. $5,250 D. $5,750 3) The interest on a $50,000 note at 4% for 10 months is: A. $2000 B. $1,667 C. $2,400 D. $2,010 Answer 4) Cash received today for services to be performed in the future is called a(n): A. Promissory note B. Unearned revenue C. Principal note D. Mature note Answer 5) Company A accepted a five-month, $21,000 note receivable, with 7% interest, from B Corporation on May 31, 2021. Company A's year end is December 31. The amount of interest