help, please!

In 2019, Trevor Construction is in its first year of business. All of Trevor's sales are made on account. The company has decided to account for uncollectible accounts using the percentage of revenue method under the Allowance method. Their estimate is 2% of total sales for the year. At the end of 2019, Trevor Construction has the following information relating to operations: Accounts Receivable at 12/31/2019 $ 51,000 Total Sales Revenue for 2019 $ 212,000 Operating Expense $ 37,000 Loss on sale of Land $ 58,000 33. In 2019, Commerford paid $50 of the original $2,000 bill it owed Trevor. What is the journal entry Trevor Construction needs to make (if any)? O A. it will include a debit to the Allowance for $50. B. it will include a credit to cash for $50. C. it will include a debit to cash for $2,000. D. it will include both a debit and credit to Accounts Receivable for $50. 35. Select the correct statement: A. The interest receivable is classified as operating activity in the Statement of Cash Flow but as nonoperating activity in the Income Statement. B. The interest receivable is classified as investing activity in the Statement of Cash Flow but as nonoperating activity in the Income Statement. C. The interest receivable is classified as operating activity in the Balance Sheet and as operating activity in the Income Statement. D. The interest receivable is classified as nonoperating activity in the Statement of Cash Flow but as operating activity in the Income Statement. 34. Flowers Co. loaned $50,000 to Garden store on August 1 Year 1 for one year at 5% interest. What is the adjusting entry at December 31st Year 1 for the interest? A. 12/31/Year 1 Cash 1,042 Interest Receivable 1,042 B. 12/31/Year 1 Interest Receivable 1,042 Interest Revenue 1,042 12/31/Year 1 Interest Revenue 1,042 Cash 1,042 12/31/Year 1 Notes Receivable 1,042 Interest Revenue 1,042