Question 12 What type of account is allowance for bad debts? What is the adjusting journal entry to record the accrual of $100 of interest income on a note receivable? A. Asset A. Dr. Interest Receivable 100 Cr. Interest Revenue 100 B. Contra Revenue B. Dr. Interest Expense 100 Cr. Cash 100 C. Contra Liability C. Dr. Cash 100 Cr. Interest Payable 100 D. Dr. Cash 100 Cr. Interest Expense 100 D. Equity--Revenue E. None of the above E. None of the above If the balance in accounts receivable is $110,000 and the balance in allowance for bad debts is $10,000, what is the net realizable value of accounts receivable? A. 110,000 B. 100,000 W C. 90,000 D. 10,000 E. None of the above