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Following are transactions for Ridge Company. Mar. 21 Accepted a $11,60, 180-day, 18% note from Tamara Jackson in granting a tine extension on her past-due

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Following are transactions for Ridge Company. Mar. 21 Accepted a $11,60, 180-day, 18% note from Tamara Jackson in granting a tine extension on her past-due account receivable. Sept. 17 Jackson dishonored her note. Dec. 31 After trying several times to collect, Ridge Company wrote off Jackson's account against the Allowance for Doubtful Accounts. Complete the table to calculate the interest amounts at September 17 and use the calculated value to prepare your journal entries. (Do not round intermediate calculations. Round your final answers to nearest whole dollar. Use 360 days a year) Complete this question by entering your answers in the tabs below. Interest Amounts General Journal Complete the table to calculate the interest amounts at September 17. Total Through Maturity Principal Rate(%) Time Mazie Supply Co. uses the percent of accounts receivable method On December 31, it has outstanding accounts receivable of $68,500, and it estimates that 6% will be uncollectible. Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has: (a) a $1,165 credit balance before the adjustment. (b) a $343 debit balance before the adjustment View transaction list Journal entry worksheet 1 2 Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $1,165 credit balance before the adjustment. Note: Enter debits before credits General Journal Debit Transaction Credit

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