G. The interest on a $2,000, 6%, 90-day note receivable is A)$120. B) $60. C) S30 D) 590. 7 Writing off an uncollectible account under the allowance method A) Acoounts Receivable. B) Allowance for Doubtful Accounts. C) Bad Debts Expense. D) Uncollectible Accounts Expense. 8. Cindi's Candies paid employee wages on and through Friday, January 26, and the next payroll will be paid in February. There are three more working days in January (29- 31). Employees work 5 days a week and the company pays $900 a day in wages. What will be the to accrue w at the end of January? B) W D) No adjusting entry is required. 9. The closing entry process consists of closing A) all asset and liability accounts. B) out the owner's capital account. C) all permanent accounts. D) all temporary accounts. 10. Hicks Company purchased merchandise from Beyer Company with freight terms of FOB shipping point. The freight costs will be paid by the A) seller. B) buyer. C) transportation company D) buyer and the seller