Question 27 Not yet answered Marked out of 1.00 Flag question A note receivable was NOT paid at maturity. Which of the following will be included in the journal entry to record the dishonoring of the note at maturity? Select one: OA. A debit to Accounts receivable OB. A debit to Cash OC. A debit to Uncollectible account expense OD. A debit to interest expense Question 28 Not yet answered Marked out of 1.00 Fag question Interest revenue must be reported for a note receivable that is outstanding at the end of the accounting period. Select one: O True False Question 29 Not yet answered Marked out of 1.00 Hag question Under the direct write-off method, a customer who doesn't pay their bis is written off with what journal entry? Select one: A. Debit Uncollectible account expense and credit Accounts receivable. B. Debit Accounts receivable and credit Uncollectible account expense. OC. Debit Lost revenue and credit Accounts receivable. OD. Debit Uncollectible account expense and credit Cash. Question 30 Not yet answered Marked out of 1.00 Flag question A company issues a 60-day, 124 note for $11,000. What is the principal amount? Select one: OA. 510,780 OB. 511,220 OC. $11,000 OD. $220 Question 31 Not yet answered Marked out of 1.00 Flag question Archer Company has significant amounts of accounts receivable, and experiences uncollectible accounts from time to time. Archer uses the percent-of-sales method to account for uncollectible accounts. When Archer Company writes off an uncollectible receivable, what is the effect of that single transaction? Select one