Chocolate Corner Company had the following transactions during the current year:

Apr. $8.$ Received a $$7,050,75-$day, $8\%$ note from Lance Armstrong in payment of account.

May $24.$Wrote off customer Joe Nutella's account against the Allowance for Uncollectible Accounts, $$150$

June $22.$ Received payment of Lance Armstrong's note in full.

Sept. $10.$Gave a $$5,600,90-$day, $9\%$ note to Herbert Anson in payment of account.

Sept$\mathrm{.}18.$ Received payment of Joe Nutella's account, written off May $24.$

Dec $9.$ Paid principal and interest due on note to Herbert Anson.

Please Note: a $360-$day year is standard for many such interest computations $-$ for this course interest is to the nearest month rather than precisely to the day. Round interest to the nearest dollar $($no cents$).$

If needed record the above transactions in general journal form.

The balance of Accounts Receivable at April $10$th is:

Multiple Choice

$$150$

$$7,050$

$$7,200$

None of the other alternatives are correct

$$575$