Hi I would like some help with answering the problems and a brief explanation on how its done so I'm able to study, thank you

Question 18

Allowance for Bad Debts has a credit balance of $7,000 at the end of the year (before adjustment), and a "percent of sales" estimate indicates we have accounts that are uncollectible of $11,000. Which of the following entries would correctly record the adjustment to allowance for Bad Debts?

debit Bad Debts Expense, $11,000; credit Allowance for Bad Debts, $11,000

debit Allowance for Bad Debts, $7,000; credit Bad Debts Expense, $7,000

debit Allowance for Bad Debts, $7,000; credit Bad Debts Expense, $7,000

none of these

debit Bad Debts Expense, $18,000; credit Allowance for Bad Debts, $18,,000

Question 20

A 90-day, 10% note for $10,000, dated January 15, is received from a customer on account. The face value of the note is

$10,000

$9,900

$10,100

$10,900

Question 22

A 90-day, 6% note for $36,000, dated Aug. 8, is received from a customer. The due date of the note is

Nov. 6

Nov. 7

Nov. 8

none of these

Question 23

A 90-day, 6% note for $36,000, dated Aug. 8, is received from a customer. The interest due at maturity is

$906

$2,160

$540

$1,080