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answer questions 1-3 please! The fiscal year 2021 and 2022 financial statements for Spooky Spiders, Inc. contained the following information: Before you answer the questions

answer questions 1-3 please! image text in transcribed
The fiscal year 2021 and 2022 financial statements for Spooky Spiders, Inc. contained the following information: Before you answer the questions below, set up your T-accounts for Accounts Receivable and the Allowance. You are given the Net Realizable Value for each year, so you will need to gross it up to get started. 1. What amount did Spooky Spiders write off during 2022? 2. How much cash did Spooky Spiders collect from customers in 2022? 3. Goblin Products Company borrowed $100,000 from October Bank at 7.5% interest. As a condition to the loan, the Bank required Goblin to set aside $15,000 in a non-interest bearing savings account. What is Goblin's effective interest rate on the money borrowed

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