Hi I saw that you answered a question of mine and would love if you can help with with this this document on here. However, I am not sure if the answer are correct.

I would like help with how to get the answers, also looking for very detailed answers so I can understand how the problem is done. I am not JUST looking for the answers.

Looking forward to seeing your work. Thank you in advance.

Quiz 4 Question 1 Not yet answered Points out of 2.00 Flag question 0 qaid=5358803&qu 0 Question text 1 The Village Company has the following items included on its April bank reconciliation: What is the unadjusted 4/30 cash balance per books? Select one: a. $36,930 b. $38,070 c. $38,030 d. $36,970 e. $43,070 Question 2 Not yet answered Points out of 2.00 Flag question 0 qaid=5358804&qu 0 Quiz 4 Question text 1 On its April bank reconciliation, the Hill Company has the following items: What is the correct 4/30 cash balance? Select one: a. $40,570 b. $41,500 c. $37,500 d. $38,070 e. $36,930 Question 3 Not yet answered Points out of 2.00 Flag question 0 qaid=5358805&qu 0 Question text 1 The following accounts were abstracted from Brown Company's unadjusted trial balance at December 31: Quiz 4 Brown Company estimates that 2% of gross accounts receivable will become uncollectible. The adjustment at December 31 to the Allowance for Doubtful Accounts will be: Select one: a. $14,000 b. $7,200 c. $2,000 d. $6,000 e. $4,800 Question 4 Not yet answered Points out of 2.00 Flag question 0 qaid=5358806&qu 0 Question text 1 The Taylor Company accounts include the following 12/31 unadjusted balances: Taylor Company estimates that 2% of gross accounts receivable will become uncollectible. After adjustment on December 31, the Bad Debt Expense account will have a balance of: Select one: Quiz 4 a. $14,000 b. $12,800 c. $4,800 d. $6,000 e. $7,200 Question 5 Not yet answered Points out of 2.00 Flag question 0 qaid=5358807&qu 0 Question text 1 Accounts Receivable has a debit balance of $5,000, and the Allowance for Uncollectible Accounts has a credit balance of $440. A specific account of $160 is written off. What is the amount of net receivables after the write-off? Select one: a. $4,720 b. $4,400 c. $4,560 d. $5,000 e. $5,280 Question 6 Not yet answered Points out of 2.00 Quiz 4 Flag question 0 qaid=5358808&qu 0 Question text 1 Creating new financial instruments backed with various types of Accounts Receivable is called: Select one: a. Factoring b. Pledging c. Selling d. Securitizing Question 7 Not yet answered Points out of 2.00 Flag question 0 qaid=5358809&qu 0 Question text 1 In reconciling the Unadjusted Balance per Bank to the Correct Balance of Cash, which reconciling item would be added? Select one: a. Bank Collection from Customer b. Deposit in Transit Quiz 4 c. NSF check d. Service Charge e. Outstanding checks Question 8 Not yet answered Points out of 2.00 Flag question 0 qaid=5358810&qu 0 Question text 1 The coupon rate of interest for a note or bond is also known as the Select one: a. Face Rate b. Implicit Rate c. Effective Rate d. Market Rate Question 9 Not yet answered Points out of 2.00 Flag question 0 Question text qaid=5358811&qu 0 Quiz 4 1 The ABC Company rendered services on 1/1/15 and accepted a $10,000, 4%, 5-year note receivable with interest to be paid annually on December 31 through 12/31/19. The principal will be paid in full on 12/31/19. ABC's imputed interest rate is 8% and the effective amortization method is used. The initial journal entry to record the receipt of the note will include an entry to which account for what approximate amount? Select one: a. Debit to Discount on Notes Receivable for $2,274 b. Credit to Discount on Notes Receivable for $1,597 c. Credit to Discount on Notes Receivable for $2,274 d. Credit to Service Revenue for $7,726 e. Credit to Service Revenue for $10,000 Question 10 Not yet answered Points out of 2.00 Flag question 0 qaid=5358812&qu 0 Question text 1 On 1/1/16, the GRF Company performed services and accepted a $10,000, 6%, 5-year note receivable with interest to be paid annually on December 31 through 12/31/20. The principal will be paid in full on 12/31/20. ABC's imputed interest rate is 10% and the effective amortization method is used. Total approximate Interest Revenue over the life of this note will be: Select one: a. $3,000 b. $2,274 Quiz 4 c. $4,516 d. $1,516 e. $3,791