6. The maturity value of a 3 month, 6%, $4,000 note receivable is A) $4,020. B) $4,000. C) $4,060. D) $4,240. 7. Using the percentage of net credit sales method, bad debts expense for the year is estimated to be $54,000. If the balance of the Allowance for Doubtful Accounts is an $18,000 credit before adjustment, what is the balance after adjustment? A) $72,000 B) $38,000 'C) $54,000 D) $18,000 8. Using the percentage of receivables method for recording bad debts expense, estimated uncollectible accounts are $25,000. If the balance of the Allowance for Doubtful Accounts is $8,000 debit before adjustment what is the balance after adjustment? A) $25,000 B) $8,000 C) $33,000 D) $17,000