Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $126,500 and sales of $1,035,000. If uncollectible accounts are estimated to be 0.6% of sales, what is the amount of the bod debts expense adjusting entry? Mutiple Cholce 56,335 56.410 55,325 $6,210 $7095 On November 19, Nicholson Company recelves a $24,600,60-day, 10% note from a customer to replace an account receivable. What adjusting entry should be made by Nicholson on the December 31 year-end? (Use 360 days a year.) Maltple Choice Debin Noses Recelvable 5287 , credi merest Receivable 5287 Debit Notes Recelvable $287; credit interest Revenue $287. Debit interest Revwne \$4 to. credit interest Alecenable $4t0 Debin imerest Alecemable 52\%7. cred inteiest Revenue 52%7 Debit interest Alceivable \$123, credit intereot Revorne \$123