53) A promissory note received from a customer in exchange for an account receivable is recorded by the payee as A) A note receivable B) An account receivable Q A short-term investment. D) A cash equivalent E) A note payable 54)Theinterest accrued on S7.500 at 6% for 90 days is: (Use 360 days a year.) A) $450 00. B) $11.25 C) $1,800.00 D) S37.50 E) S112.50. 55) A 90-day note issued on April 10 matures on A) July 11. B) July 13. CJuly 10 D) July 9. E)July 12 by signing a 180-day promissory note at 9%. The matunty value of the note 56) A company borrowed $10,000 is: (Use 360 days a year.) A)SI 1.800 B)$10,000 C)$10.300 D)S10,075 E)$10.450 57) Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,000 uncollectible account of its customer, A. Hopkins. The entry or entries Gideon makes to record the write off of the account on May 3 is: A) 2.000 Allowance for Doubtful Accounts 2,00 ad debts expense 2.00 ccounts Receivable-A. Hopkins Allowance for Doubtful Accounts 2,000 C) 2,000 Accounts Receivable-A. Hopkins ad debts expense ash Accounts Receivable-A. Hopkins 2,00 2,000 2,000 2,00 Allowance for Doubtful Accounts Accounts Receivable-A. Hopkins 2,000