A company lends its supplier $175,000 for 3 years at a 7 % annual interest rate. Interest payments are to be made twice a year. The entry to record this lending transaction includes a debit to: Multiple Choice Notes Receivable and a credit to Cash for $175,000 Interest Receivable and a credit to Interest Revenue for $6,125 Cash and a credit to Interest Revenue for $12.250 Cash and a credit to Notes Payable for $175,000 Help Save & Wrangler Inc. uses the percentage of credit sales method to estimate Bad Debt Expense. At the end of the year, the company's unadjusted trial balance includes the following Accounts Receivable $352,000 Allowance for Doubtful Accounts (credit balance) 500 Net Credit Sales 903,e00 Wrangler has experienced bad debt losses of 0.4 % of credit sales in prior periods. What is the Bad Debt Expense to be recorded for the year? Multiple Choice $4.112 $4.612 $3.12