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On December 5, 2021, The Hamptons Clinic provided services to a customer on account for $8.000 with discount terms (cred terms 2/10,0/30 Assume the customer

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On December 5, 2021, The Hamptons Clinic provided services to a customer on account for $8.000 with discount terms (cred terms 2/10,0/30 Assume the customer pays the clinic the correct amount on December 10, 2021. What journal entry should the clinic make to record the collection of cash on December 10, 2021 Multiple Choice Debit Account Cash Sales Discounts Accounts Receivable Credit 7,840 160 8,000 Account Accounts Receivable Cash Debit Credit 8,000 8,000 Debit Account Cash Accounts Recelvable Credit 7,840 7,840 Account Cash Accounts Receivable Debit Credit 8,000 8,000) Nat) On December 1, 2021 Lansing Company accepted a three month, 10% note for $10.000 from one of its customers, Joshua Smom, 1 st On December 31, 2021, the company made the appropriate year-end adjusting entry for interest On March 1, 2022. Joshua Smith pays Lansing Company the note and interest in full as promised to should the comowym to od 2022? (Round your answers to the nearest whole dollar) Multiple Choice Account Cash Notes Receivable Interest Revenue Debit Credit 10.250 10,000 250 Account Cash Notes Receivable Interest Receivable Interest Revenue Debit Credit 10.250 10.000 83 167 Debit Credit 11,000 Account Notes Receivable Cash 11,000 26 Ned> Seasons Hospital uses the allowance method to account for its uncollectible accounts. It has the following balances on December 31 before any adjusting entries Accounts Receivable = $100,000: Allowance for Uncollectible Accounts = $1,000 (credit) The hospital estimates uncollectible accounts to be 25% of accounts receivable. What year-end adjustment (adjusting entry) should be made for uncollectible account: Multiple Choice Account Debit Credit Bad Debt Expense 24,000 Allowance for Uncollectible Accounts 24,000 Account Bad Debt Expense Accounts Receivable Debit Credit 25,000 25,000 Account Allowance for Uncollectible Accounts Bad Debt Expense Debit Credit 24,000 24,000

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