At the end of January, the unadjusted trial balance included the following accounts:

	Debit	Credit
Accounts Receivable	$220,000
Allowance for Doubtful Accounts		1,760

Assuming that management estimates that 2% of receivables will become uncollectible, what is the amount of Bad Debt Expense recognized on the income statement?

Select one:

a. $4,400

b. $6,160

c. $1,760

d. $2,640

Brickman Company uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Doubtful Accounts had a credit balance of $1,000. During the year Brickman wrote off uncollectible receivables of $2,100. Brickman recorded Bad Debts expense of $2,700. What is Brickman's year-end balance in Allowance for Doubtful Accounts?

Select one:

a. $4,800

b. $1,600

c. $3,700

d. $600

When the maker of a note dishonors a note and the payee expects to collect the balance in the future:

Select one:

a. Any interest earned for the current period is not recorded, since the maker has defaulted

b. An account receivable is recorded in the amount of the principal plus interest through maturity date

c. An account receivable is recorded for the principal amount of the note

d. Any interest earned in a previous period that has already been recorded as interest receivable is written off as a loss due to the maker's dishonor of the note

The person who signs a note receivable and promises to pay the principal and interest is the:

Select one:

a. payee

b. owner

c. maker

d. holder

e. receiver