QUESTION 20 Craigmont uses the allowance method to account for uncollectible accounts, its year-end unadjusted trial balance shows Accounts Receivable of $148,500, allowance for doubtful accounts of $1105 (credit) and sales of $1,145,000, if uncollectible accounts are estimated to be 0.7004 of sales, what is the amount of the bad debts expense adjusting entry? O $8140 $8015 $6910 58215 59120 M McGraw-Hill Conn. Online Course Call 0600611&course_id=190005_1&contentId=_9001783 1 Remaining Time: 35 minutes, 30 seconds. * Question Completion Status: 20 100 16 17 1920 U ovu. 58723 11 QUESTION 19 Uniform Supply accepted a $6000, 90-day, 6% note from Tracy Janitorial on October 17. If the note is dishonored, but Uniform Supply intends to continue collection efforts, what entry should Uniform Supply make on January 15 of the next year? (Assume no reversing entries are made.) (Use 360 days a year.) Debit Notes Receivable $6000; debit Interest Receivable $90; credit Sales $6090. O Debit Cash $6090; credit Interest Revenue $75 credit Interest Receivable 515, credit Notes Receivable $6000 O Debit Cash $6090; credit Notes Receivable $6090 O Debit Cash 56090, credit Interest Revenue $15; credit interest Receivable 575, credit Notes Receivable 56000, Debit Accounts Receivable 56090, credit interest Revenue $15; credit Interest Receivable $75, credit Notes Receivable 56000