e.com/courses/196078/quizzes/887485/take Question 13 5 pts At each year-end, Gandy Company uses the allowance method percent of receivables approach to estimate bad debts. On December 31, 2019. it has outstanding accounts receivable of $78.000 and it estimates that 4% will be uncollectible. Allowance for Doubtful Accounts has a $400 debt balance before the adjustment. In the adjusting entry to record bad debt expense for 2019, the company wil Debit Bad Debts Expense $3.120 credit Allowance for Doubtful Accounts $.120 Debit Bad Debt Expense $3.520.credit Allowance for Doubtful Accounts $3.520 Debit Bad Debt Expense $3,020: Credit Allowance for Doubtful Accounts $3.020 Debit Allowance for Doubtful Accounts $31120credit Bad Debt Expense $3.120 Question 14 Huey Company borrows $200.000 cash on November 1, 2019, by signing a 90-day 9% note with a face value of $200,000. The note matures on January 30, 2020. The company's accounting period ends on December 31. (When calculating the amount of interest assume a 360-day year) How much interest expense wil the company record on December 31, 2019? $4,500 $9.000 $1.500 $3,000 S pts Question 15 Huey Company borrows $200,000 cash on November 1, 2019, by signing a 90 day, 9 note with a face value of $200.000. The note matures on January 30, 2020. The company's accounting period ends on December 31. (When calculating the amount of interest assume a 360-day year) What is the total amount of cash the company will pay on January 30, 20202 $209.000 5204500 $201.500 - 2