At December 31, Frost Company has the following bank information: cash balance per books $ 9,000, outstanding checks $1,000, deposits in transit $ 3,000, a bank service charge $10, and a bank memorandum for collection of an electronic funds transfer from a customer $2,000. What should the adjusted balance of cash per books be?

10,000

10,990

12,990

7,010

On July 1, a company borrowed $10,000 from a bank, signing a one-year note payable. The note requires interest at an annual rate of 10%, and all interest is payable (due) at maturity. the amount of interest expense that the company should accrue at the end of December is:

$10,000

$1,000

$500

$415

$83

During 2017, Vlad Company has credit sales of $100,000. On December 31, 2017 Vlad has a balance in accounts receivables of $45,000. Vlad estimates that 3% of credit sales will be uncollectable. What is the adjusting journal entry that Vlad should make based on this information?

		Debit bad debt expense $45,000; Credit Allowance for doubtful accounts $45,000
		Debit bad debt expense $3,000; Credit Allowance for doubtful accounts $3,000
		Debit allowance for doubtful accounts $1,350; Credit bad debt expense $1,350
		Debit bad debt expense $3,000; Credit Accounts receivable $3,000