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Question 2 CALCULATOR PRINTER VERSION BACK N The ledger of Indigo ASA at the end of the current year shows Accounts Receivable C149,500, Sales Revenue

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Question 2 CALCULATOR PRINTER VERSION BACK N The ledger of Indigo ASA at the end of the current year shows Accounts Receivable C149,500, Sales Revenue 0848,300, and Sales Returns and Allowances C29,900. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) If Indige uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Indigo determines that () If Allowance for Doubtful Accounts has a credit balance of C2,200 in the trial balance, Journalize the adjusting entry at December 31, assuming bad debes are (c) Allowance for Doubtful Accounts has a debit balance of C260 in the trial balance, Journalize the adjusting entry at December 31, assuming bad debts are expected to be (1) 2% of net sales and (2) 7% of accounts receivable. Date Account Titles and Explanation (a) Dec 31 Debit Credit (b) (1) Dec 31 (2) Dec 31 (c) (1) Dec 31 (2) Dec 31 Compute interest and find the maturity date for the following notes. Date of Note June 10 Principal 158,400 Interest Rate (%) Terms 6% 60 days Interest Maturity Date (a) E August 9 133,400 7% 90 days (b) July 14 April 27 October 12 (c) 39,600 4% 75 days July 11

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