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QUESTION 30 A company borrowed 510,000 by signing a 180-day promissory note at 9% The total interest due on the maturity date is (Use 360

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QUESTION 30 A company borrowed 510,000 by signing a 180-day promissory note at 9% The total interest due on the maturity date is (Use 360 days a year.) $900 @ $300 $1,800 5450 $75 QUESTION 31 A company uses the percent of sales method to determine its bad debts expense. At the end of the current year the company's unadjusted trial balance reported the following selected amount Accounts Recevable $ 300.000 dobit Net Sales 750,000 credit All sales are made on credit. Based on past experience, the company estimates, 0 6 of net sales to be uncollectible What adjusting entry should the company make at the end of the current year to record it estimated bad debts expense? Dobit Bad Debts Expense 54,000 credit Allowance for Doubtful Accounts 54 000 Debit Bad Debts Expense 55.000 credit Allowance for Doubtful Accounts $5 000 Debit Bad Debts Expense 51.000 credit Allowance for Doubtful Accounts $1.800 Debit Bad Debts Exponto $2,300 credit Allowance for Doubtful Accounts 52.300 Date Ait 500 Chok Sare and Submitted and mubotit. Click Savellers to save alla San

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