Question 1 (1 point) A company receives a 90 day, 6% Notes Receivable for $9,600 dated November 16th 20Y1. The company's accounting period ends on December 31. The journal entry prepared by the company on the maturity of the Note will include a: credit to Interest revenue for $144 credit to interest revenue for $72 credit to interest receivable for $72 debit to interest receivable for $144 Question 3 (1 point) Under the Percentage of Sales Method, the amount determined by multiplying the percent of estimated uncollectible accounts to the sales for the period, is recorded: "below" the line "above the line as the desired ending balance of the Allowance for Doubtful Accounts ved as Bad Debt Expense after adding the existing balance in the Allowance for Doubtful Accounts to it. Question 5 (1 point) A company uses the direct write off method to account for its uncollectible accounts. Which of the following is an accurate statement with respect to the impact of a write off of a customer's account: No impact Decrease in Equity; Decrease in Total Assets Decrease in Total Assets; No impact on Equity Decrease in Net Income; no impact on Total Assets Question 7 (1 point) Under the Percentage of Accounts Receivable Method, the amount determined by multiplying the percent of estimated uncollectible accounts to the year-end Account Receivable, is recorded: "below" the line as Bad Debt Expense "above the line as Bad Debt Expense after adding the existing balance in the Allowance for Doubtful Accounts to it. Question 9 (1 point) Determine the due date and maturity value of a 90 day, 6% Notes Receivable for $8,400 dated October 25th 20Y1 $8,526; January 23, 20Y2 $8,526; January 24, 20Y2 $8,904; January 23, 20Y2 $8904; January 24, 20Y2