Percentage of Net Sales Method SE3. At the end of October, Santa Fe Company's management estimates the uncolles ible accounts expense to be 1 percent of net sales of $1,385,000. Prepare the jour entry to record the uncollectible accounts expense, assuming the Allowance for Unedl lectible Accounts has a debit balance of $7,000. Accounts Receivable Aging Method SE4. An aging analysis on June 30 of the accounts receivable of U-Z Door Corpon- tion indicates that uncollectible accounts amount to $86,000. Prepare the journal entry to record uncollectible accounts expense under each of the following independent assumptions: a. Allowance for Uncollectible Accounts has a credit balance of $18,000 before adjustment. b. Allowance for Uncollectible Accounts has a debit balance of $14,000 before adjustment. Write-off of Accounts Receivable SES. Chicago Corporation, which uses the allowance method, has accounts receivable of $25,400 and an allowance for uncollectible accounts of $4,900. An account receivable from Tom Novak of $2,200 is deemed to be uncollectible and is written off. What is the amount of net accounts receivable before and after the write-off? Interest Computations SE6. Determine the interest on the following notes. (Round to the nearest cent.) a. $58,940 at 6 percent for 60 days. b. $14,280 at 9 percent for 30 days. c. $30,600 at 12 percent for 60 days. d. $21,070 at 10 percent for 90 days. e. $46,360 at 15 percent for 120 days