company has Net Credit Sales of $700,000 for the year and it estimates that uncollectible accounts will be 2% of Net Sales. If Allowance for Doubtful Accounts has a credit (CR) balance of S1,000 prior to adjustment, its balance after adjustment will be a credit (CR) of A) $14,000. B) $15,000. C) $13,980. D) $13,000. 19. A 20. The Interest on a ss,000, 10%, 1-year Note Receivable is A) $5,000. B) $500. C) $5,050. D) $5,500. 21. The Interest on a S4,000, 6%, 60-day note receivable is A) $240. B) $40. C) $80. D) $120. 22. The Interest on a SS000, 6%, 90-day note receivable is A) $300. B) $150. C) $75. D) $225. On November 1, Kinder Company received a S6,000, 10%, three-month (3) note receivable. The cash to be received by Kinder Company when the note becomes due (or its Maturity Value) is A) $6,000. B) $6,100. C) $6,150. D) $6,600. 23