On December 31, 2018, the end of Larry's Used Cars' first year of operations, the accounts receivable was $53,400. The company estimates that $1,400 of the year-end receivables will not be collected. Accounts receivable in the 2018 balance sheet will be valued at: On November 1, 2018, Tim's Toys borrows $28,800,000 at 9% to finance the holiday sales season. The note is for a six-month term and both principal and interest are payable at maturity. What is the balance of interest payable for the loan as of December 31, 2018? On September 15, 2018, Oliver's Mortuary received a $7,200, nine-month note bearing interest at an annual rate of 14% from the estate of Jay Hendrix for services rendered. Oliver's has a December 31 year-end. What adjusting entry will the company record on December 31, 2018? The Hamada Company sales for 2018 totaled $155,000 and purchases totaled $80,000. Selected January 1, 2018, balances were: accounts receivable, $19,400; inventory, $15,300; and accounts payable, $11,600. December 31, 2018, balances were: accounts receivable, $15,300; inventory, $18,600; and accounts payable, $14,900. Net cash flows from these activities were