Question 1 1 pts Valley Spa purchased $7,800 in plumbing components from Tubman Co. Valley Spa Studios signed a 60-day, 10 % promissory note for $7,800. If the note is dishonored, what is the amount due on the note? (Use 360 days a year.) $8,050 O $7,930 O $8,130 O $130 O $7,800 Next Chp Question 2 1 pts Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted trial balance shows Accounts Receivable of $104,500, allowance for doubtful accounts of $665 (credit) and sales of $925,000. If uncollectible accounts are estimated to be 0.5 % of sales, what is the amount of the bad debts expense adjusting entry? O $5.290 O $4,825 $3,960 O $4,625 O $4,750 Next Previous