On September 1, Miners Inc. signed a $150,000, 90-day discounted note at the Hank. The discount rate 10%, and the note was paid on November 30. Journalize the entries for September 1 and November 30. Assume that Miners Inc. signed a 10% note. Journalize the entries for September 1 and November 30. Which of the two options is more favorable to the bank and why? Is the answer the same for Miners? Electronics Company sold $1 50,000 of kitchen appliances during September under a 6 month warranty. The cost to repair defects under the warranty is estimated at 6% of the sales price. On October 15 a customer required a S200 part replacement, plus $85 labor under the warranty. Provide the journal entry for the estimated expense on September 30 and the October 15 warranty work. Determine the amount to be added to Allowance for Doubtful Accounts in each of the following cases. Indicate the ending balance in each case. Credit balance of $400 in the allowance account just prior to adjustment. Analysis of accounts receivable indicates doubtful accounts of $8,500. Credit balance of $400 in the allowance account just prior to adjustment. Uncollectible accounts are estimated at 2% of sales, which totaled $1,000,000 for the year