(a) RLF Company estimates that 2% of net credit sales will become uncollectible. Sales revenue are $600,000, sales returns and allowances are $30,000, and the allowance for doubtful accounts has a $6,000 credit balance. Bad debt expense By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. On January 1, Sunland Company purchased as an investment a $2900, 6% bond for $2900. The bond pays interest on January 1. What is the entry to record the interest accrual on December 31? Interest Receivable Interest Revenue Debt Investments Interest Revenue Interest Payable Interest Expense Bonds Payable Interest Expense Vaughn Company owns 30% interest in the stock of Ivanhoe Corporation. During the year, Ivanhoe pays $18300 in dividends to Vaughn, and reports $299000 in net income. Vaughn Company's investment in Ivanhoe will increase Vaughn's net income by $89700 $5490. $95190 $9150 If Concord Company issues 9300 shares of $5 par value common stock for $159300, the account Common Stock will be credited for $46500. Paid-in Capital in Excess of Par will be credited for $159300. O Cash will be debited for $112800. Paid-in Capital in Excess of Par will be credited for $46500. On January 2, 2014, Riley Corporation issued 20,000 shares of 6% cumulative preferred stock at $100 par value. On December 31, 2017, Riley Corporation declared and paid its first dividend. What dividends are the preferred stockholders entitled to receive in 2017 before any distribution is made to common stockholders? $120,000 $360,000 $480,000 $0