Bramble Corp. will invest $88000 every December 31st for the next six years (2020 2025). If Bramble will earn 13% on the investment, what amount will be in the investment fund on December 31, 2025?

$827609.

$732398.

$397518.

$351783

Sheffield Corp. has outstanding accounts receivable totaling $1.25 million as of December 31 and sales on credit during the year of $6.20 million. There is also a debit balance of $6100 in the allowance for doubtful accounts. If the company estimates that 2% of its accounts receivable will be uncollectible, what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense?

$25000.

$31100.

$24878.

$18900.