21. The aging schedule on December 31, 2020, for Gidget, Inc. shows the following breakdown of total accounts roceivable, The company considers the risk of credit fosses to be similar within the aging pools and estimates the following credit loss rates by pool: not past due, 0.5\%; past due 130 days, 1\%; past due 31-60 days, 2%; and past due over 60 days, 8%. The Allowance for Doubtful Accounts has a $3,300 credit balance before adjustment. What amount is debited to Bad Debt Expense to adjust the Allowance for Doubtful Accounts to its desired ending balance on December 31,2020 ? A) $228 (B) )$2,275 2,275 C) $8,875 1,080 D) $5,575 1,1,00 22. On December 31, 2020, Caprio Consulting Inc., received two notes from customers in exchange for services rendered. First, the note from Talen Corp. is a two-year, \$8,000 note with a 4% stated rate. Cash interest is due each December 31 beginning December 31,2021 , and the entire principal is due December 31,2022 . The second nole is a two-year, noninterest-bearing note with a stated value of $5,000 from Blanton Inc. The market rate for similar notes from both customers is 8% on December; 31, 2020. At what amounts should the two notes be reported on Caprio Consulting Inc,'s December 31, 2020 , balance sheet? 23. Caprese Inc. factors without recourse $450,000 of accounts receivable with a finance company. The factor charges a 10% finance fee and retains an amount equal to 15% of the accounts recelvable for sales adjustments. What is the amount of the loss on sale of receivables that Caprese would recognize upon sale of its. receivables to a factor. (A) $45,000 B) $67,500 C) $112,500 D) $0 24. The following unadjusted balances pertain to Pierre Deux Corp. at December 31, 2020. The following additional information pertains to Pierre Deux Corp.: 'Amounts authorized by Pier 10 but not yet recorded in Pier10's financial records. What is Pierre Deux's correct ending cash balance on December 31, 2020? A) $14,000 B) $13,200 C) $16,000 D) $13,220