31a) Jasper makes a $44,000, 90-day, 6.0% cash loan to Clayborn Co. The amount of interest that Jasper will collect on the loan is: (Use 360 days a year.)

b)On November 1, Orpheum Company accepted a $10,400, 90-day, 12% note from a customer to settle an account. What entry should be made on the November 1 to record the note acceptance?

c) A company has beginning inventory of 16 units at a cost of $12.50 each on October 1. On October 5, it purchases 14 units at $13.50 per unit. On October 12 it purchases 24 units at $14.50 per unit. On October 15, it sells 42 units. Using the FIFO periodic inventory method, what is the value of the inventory at October 15 after the sale?

D) The following selected amounts are reported on the year-end unadjusted trial balance report for a company that uses the percent of sales method to determine its bad debts expense.

Accounts receivable	$	445,000	Debit
Allowance for Doubtful Accounts		1,350	Debit
Net Sales		2,200,000	Credit

All sales are made on credit. Based on past experience, the company estimates 2.0% of credit sales to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?