Multiple Choice direct write-off method. percent of revenue method. All methods produce the same amount of uncollectible accounts expense recognized over the life of a business. percent of receivables method. Rosewood Company made a loan of $10,400 to one of the company's employees on April 1 , Year 1 . The one-year note car amount of interest revenue that Rosewood would report in Year 1 and Year 2, respectively? Multiple Choice $0 in Year 1 and $624 in Year 2 $156 in Year 1 and $468 in Year 2 Rosewood Company made a loan of $10,400 to one of the company's employees on April 1 , Year 1 . The one-year note carried a 6% rate of interest. What is the amount of interest revenue that Rosewood would report in Year 1 and Year 2, respectively? Multiple Choice $0 in Year 1 and $624 in Year 2 $156 in Year 1 and $468 in Year 2 $468 in Year 1 and $156 in Year 2 $624 in Year 1 and $0 in Year 2 January 1, Year 1, Jones Company issued bonds with a $220,000 face value, a stated rate of interest of 7.5%, and a 5-year term to maturity. The bonds were ssued at 97. Interest is payable in cash on December 31st of each year. The company amortizes bond discounts and premiums using the straight-line method. Vhat is the amount of interest expense shown on Jones' income statement for the year ending December 31 , Year 1 ? Multiple Choice $15,180 $16,500 $19,140 $17,820