Help! Having trouble with study guide. True or False and 5 multiple choice. Would be great to know the reasoning behind each answer. Thank you, greatly appreciated.

True/False Receivables are classified as accounts, notes, or other. True False Financing charges added to a customer's credit card balance with a retailer are recorded as a debit to Accounts Receivable and a credit to Interest Revenue. True False 3. The allowance method for uncollectible accounts violates the matching principle. True False 4. An aging schedule shows a required balance in Allowance for Doubtful Accounts of $8,600. If there is a credit balance in the allowance account of $2,000 prior to adjustment, the adjustment amount is $6,600. True False 5. Sale of receivables to a factor may result in a debit to Service Charge Expense at the time of sale. True False 6. 31. The maturity date of a 60-day note dated December 1 is January True False 7. The interest due at maturity of a two-month, 8%, $800 note is computed by multiplying $800 x .08 x 2/12. True False 8. The maturity value of a $5,000 note is $5,300. If $180 of the interest has been accrued prior to maturity, the entry to record the honoring of the note at maturity should include a credit to Interest Revenue for $120. True False 9. The principal amount of a 9%, 3-year, note receivable is $300,000 and is dated January 1, 2008. The interest revenue to be recognized on December 31, 2008, is $9,000. True False 10. Short-term receivables are reported in the balance sheet immediately below cash. True False Multiple Choice 1. The sale of merchandise by a company on its own credit card may result in a. debit to Service Charge Expense. b. debit to Interest Expense. C. credit to Interest Revenue. d. credit to Cash. 2. A company has net credit sales of $600,000 for the year and it estimates that uncollectible accounts will be 2% of sales. If Allowance for Doubtful Accounts has a credit balance of $1,000 prior to adjustment, its balance after adjustment will be a credit of a. $12,000. b. $13,000. c. $11,000 d. some other amount. 3. Under the allowance method, the entry to write-off an uncollectible account results in a debit to a. Bad Debts Expense and a credit to Accounts Receivable. b. Bad Debts Expense and a credit to Allowance for Doubtful Accounts. c. Allowance for Doubtful Accounts and a credit to Bad Debts Expense. d. Allowance for Doubtful Accounts and a credit to Accounts Receivable. 4. A company sells $400,000 of accounts receivable to a factor for cash less a 2% service charge. The entry to record the sale should not include a a. debit to Interest Expense for $8,000. b. debit to Cash for $392,000. c. debit to Service Charge Expense for $8,000. d. credit to Accounts Receivable for $400,000 5. When an interest-bearing note is dishonored at maturity and ultimate collection is expected, the entry for the dishonoring, assuming no previous accrual of interest should include a. a debit to Allowance for Doubtful Accounts. b. only a credit to Notes Receivable. c. a credit to Notes Receivable and Interest Revenue. d. a credit to Notes Receivable and Interest Receivable