An aging of a company's accounts receivable indicates the estimate of uncollectible receivables totals $5,459. If Allowance for Doubtful Accounts has a $1,290 credit balance, the adjustment to record the bad debt expense for the period will require a

a.debit to Bad Debt Expense for $4,169.

b.debit to Bad Debt Expense for $1,290.

c.credit to Allowance for Doubtful Accounts for $5,459.

d.debit to Bad Debt Expense for $5,459.

On October 1, Black Company receives a 10% interest-bearing note from Reese Company to settle a $17,800 account receivable. The note is due in six months. At December 31, Black should record interest revenue of

a.$442

b.$452

c.$445

d.$455

A $13,200, 60-day, 12% note recorded on November 21 is not paid by the maker at maturity. The journal entry to recognize this event is

a.debit Notes Receivable, $13,464; credit Accounts Receivable, $13,200; Credit Interest Receivable, $264.

b.debit Accounts Receivable, $13,464; credit Notes Receivable, $13,200; Credit Interest Revenue, $264.

c.debit Notes Receivable, $13,464; credit Accounts Receivable, $13,464.

d.debit Cash, $13,464; credit Notes Receivable, $13,464.

The maturity value of a $211,200, 9%, 40-day note receivable dated July 3 is

a.$213,312

b.$211,200

c.$230,208

d.$219,648

On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Hsu Company. The terms of the note were $12,000 face value and 7% interest. On October 30, the journal entry to record the collection of the note should include a

a.Interest Revenue for $410.

b.Notes Receivable for $310.

c.Interest Receivable for $110.

d.Credit to Interest Revenue for $210.