At December 31, Gill Co. reported accounts receivable of $265,000 and an allowance for uncollectible accounts of $1,000 (credit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 4% of accounts receivable. The amount of the adjustment for uncollectible accounts would be:

a) $10,600

b) $8,310

c) $9,600

d) $1,000

On September 1, 2018, Middleton Corp. lends cash and accepts a $2,700 note receivable that offers 9% interest and is due in six months. How much interest revenue will Middleton Corp. report during 2018?

a) $432

b) $378

c) $243

d) $81