Question 13 3 pts Accounts Receivable is 120,000, Sales are $60,000, balance in the Allowance for Doubtful Accounts is a credit of $900, and the % of uncollectible credit sales is 5%. If a company is using the Allowance method, and the Income Statement method, what would be the adjusting entry needed to account for uncollectible accounts? Credit to Bad Debt Expense and debit to Allowance for Doubtful Accounts for $3,000. Debit to Bad Debt Expense and credit to Allowance for Doubtful Accounts for $3,000. Debit to Bad Debt Expense and credit to Allowance for Doubtful Accounts for $2,100. Debit to Bad Debt Expense and credit to Allowance for Doubtful Accounts for $6,000 Question 14 3 pts A company receives a 10%, 120 day note for $1.500. The total interest due on the maturity date is $50 ho Q 5 6 7 8 0 9 Question 14 3 pts A company receives a 10%, 120-day note for $1,500. The total interest due on the maturity date is: O $50 O $37.50 O $150 O $75 Question 15 3 pts Failure by a notes receivable maker to pay the amount due at maturity is known as: Dishonoring a note Depreciating a note O Closing a note. Discounting a