On January 1, 2020. Triple-H Corp. issued $200,000, 7%, 5-year bonds at face value. Interest is payable semi-annually on January 1 and July 1. In recording the bond issuance on January 1, 2020, which of the following is true? Select one: O Cash increases $207,000 O Interest expense increases $7,000 O Interest payable increases $3,500 O Bonds payable increases $200,000 O Bonds payable increases $207,000 O None of these choices are true Consider the following accounts receivable aging and estimates of uncollectible accounts for Metallica Company. The current balance of allowance for doubtful accounts is a credit balance of $2,000. Age Amount % uncollectible Current $200,000 2% 1 - 60 days past due $80,000 15% Over 60 days past due $20.000 50% TOTAL $300,000 What is the required balance for the allowance for doubtful accounts using the aging of receivables basis for estimating uncollectible accounts