PLEASE ANWER ALL OF THESE! THANK YOU

1. Which of the following is recorded under "other revenues" on the income statement?

• A : interest revenue

• B : trade receivables

• C : subsidiary accounts balance

• D : non-bank credit card sales

2. A company has accounts receivable of $568,000 and estimates 5% of that will be uncollectible. If the unadjusted credit balance in the allowance for doubtful accounts is $3,500, what is the carrying amount of the accounts receivable after the bad debt expense is recorded?

• A : $543,100

• B : $568,000

• C : $539,600

• D : $564,500

3. The interest on a $20,000 note receivable outstanding for 6 months was $480. What was the annual interest rate?

• A : 14.4%

• B : 0.4%

• C : 1.2%

• D : 4.8%

4. A company has $1,825,000 in net sales. If their beginning accounts receivable is $75,000, and their ending accounts receivable is $125,000, what is their collection period in days?

• A : 11.62

• B : 18.25

• C : 20

• D : 15.21

5. Where is interest revenue recorded on the income statement?

• A : contra expense account

• B : other revenues and expenses

• C : operating revenue

• D : notes to the financial statements