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At the end of its annual accounting period. Midi Company estimated its bad debts as 0.70% of its $1,700.000 of credit sales made during the

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At the end of its annual accounting period. Midi Company estimated its bad debts as 0.70% of its $1,700.000 of credit sales made during the year. On December 31. Midi made an addition to its Allowance for Doubtful Accounts equal to that amount. On the following February I. management decided that the $2.400 account of Catherine Hicks was uncollectible and wrote it off as a bad debt. Four months later on June 5, Hicks unexpectedly paid the amount previously written off. Give the journal entries required to record these transactions. Swed auxall Holdings showed the following information regarding its notes receivable: Note 1 Days of Accrued Maturity Interest at Dec. 31, Date 2020 Interest Date of Note Principal Rate Nov. 1/19 $ 230,000 4.8% Jan. 5/20 95,000 5.ex Nov. 20/20 88,000 4.5% Dec. 10/20 115,000 5.5% Accrued Interest at Der 31, 2008- 3 4 Tern 150 days 90 days 45 days 30 days "Round calculations to the nearest whole cent. Required: For each of Vauxall Holdings note receivable given below. (Use 365 days in a year. Do not round intermediate calculations. Pourse the "Amount of Accrued Interest at Dec 31, 2020" answers to 2 decimal places.) a. Determine the maturity date. b. Calculate the days of accrued interest, if any, at December 31, 2020 (Vauxall Holdings' year-end c. Calculate the amount of accrued interest. If any at December 31, 2020 Date of Note Principal Interest Rate Term Noth Days of Accred Interest Dec. 20 Maturity Date Accounterest Dec 31, 2000 1 Nov 1:19 Jan 5/20 Now 20/20 Doc 10/20 $ 230.000 $05 000 500.000 $115 000 409 50 45 180 day 90 days 5 day days day 4 30 days 596 For No dit are recorder Lalo Round your answers to 2 decimetice

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