Hello, I need help answering these 6 questions. Thank you kindly for your time and your generous help.

1) Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $124,500, allowance for doubtful accounts of $865 (credit) and sales of $1,025,000. If uncollectible accounts are estimated to be 4% of accounts receivable, what is the amount of the bad debts expense adjusting entry?

$5,845

$4,980

$4,115

$4,300

$4,450

2) A company has $90,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Experience suggests that 6% of outstanding receivables are uncollectible. The current balance (before adjustments) in the allowance for doubtful accounts is an $800 debit. The journal entry to record the adjustment to the allowance account includes a debit to Bad Debts Expense for:

$4,600

$5,400

$6,200

$800

None of these

3) A company factored $46,000 of its accounts receivable and was charged a 2% factoring fee. The journal entry to record this transaction would include a:

Debit to Cash of $46,000 and a credit to Accounts Receivable of $46,000.

Debit to Cash of $46,000 and a credit to Notes Payable of $46,000.

Debit to Cash of $45,080, a debit to Factoring Fee Expense of $920, and a credit to Accounts Receivable of $46,000.

Debit to Cash of $46,000, a credit to Factoring Fee Expense of $920, and a credit to Accounts Receivable of $45,080.

Debit to Cash of $46,920 and a credit to Accounts Receivable of $46,920.

4) Valley Spa purchased $10,500 in plumbing components from Tubman Co. Valley Spa Studios signed a 60-day, 12% promissory note for $10,500. If the note is dishonored, what is the journal entry to record the dishonored note? (Use 360 days a year.)

Debit Accounts Receivable $10,500; debit Bad Debt Expense $210; credit Notes Receivable $10,710.

Debit Bad Debt Expense $10,710; credit Accounts Receivable $10,710.

Debit Bad Debt Expense $10,500; credit Notes Receivable $10,500.

Debit Accounts ReceivableValley Spa $10,500; credit Notes Receivable $10,500.

Debit Accounts ReceivableValley Spa $10,710, credit Interest Revenue $210; credit Notes Receivable $10,500.

5) The following information is available for Birch Company at December 31:

Money market fund balance	$ 2,920
Certificate of deposit maturing June 30 of next year	$ 16,300
Postdated checks from customers	$ 1,800
Cash in bank account	$ 23,731
NSF checks from customers returned by bank	$ 780
Cash in petty cash fund	$ 330
Inventory of postage stamps	$ 31
U.S. Treasury bill purchased on December 15 and maturing on February 28 of following year	$ 11,300

Based on this information, Birch Company should report Cash and Cash Equivalents on December 31 of:

$40,861

$54,581

$39,301

$43,312

$38,281

6) A company had $49 missing from petty cash that was not accounted for by petty cash receipts. The correct procedure is to:

Debit Cash Over and Short for $49.

Credit Cash Over and Short for $49.

Debit Petty Cash for $49.

Credit Petty Cash for $49.

Debit Cash for $49.