Question 37 10 Points On June 1, Polo Co. lent Amr $60,000, and accept a four-month, 596 interest note. On Oct. 1, the maturity date, Polo Co. presented the note to Amr but Amr refused to pay the amount. Prepare the journal entry to record the refuse of payment cash debit 60,000 and notes receivable credit 40,000 B accounts receivable debit 61,000, notes receivable credit 60,000 and interest income credit 1000 accounts receivable debit 63,000 notes receivable credit 60,000 and interest income credit 3000 none of the other answers 10 Points Question 35 If the company lends 20,000 to Ammar on May 1, accepting a three-month, 6% interest rate note, then the journal entry is: accounts receivable debit 20,000 and cash credit 20,000 True B False 10 Points Question 36 On June 1, Cairo Co. lends Sida Co. $40,000, accepting a four-month, 6% interest note, If Cairo Co presents the note to Sida Co. on October 1, the maturity date, and receives the amount, then the journal entry of receiving the amount is: cash debit 40,000 and notes receivable credit 40,000 A True B False Question 34 10 Points On December 31, 2019, the company estimates the uncollectable accounts $10,000, on Feb. 1, 2020, the company writes-off $2000, on April 8, the company receives $1500 from the amount that had been written off on Feb. 1, then the journal entries to record the receiving of the amount are 1. Accounts receivable debit 2000 and allowance for doubtful accounts credit 2000 2. Cash debit 2000 and accounts receivable credit 2000 1. Accounts receivable debit 1500 and allowance for doubtful accounts credit 1500 2. Cash debit 1500 and accounts receivable credit 1500 1. allowance for doubtful accounts debit 1500 and Accounts receivable credit 1500 2. Cash debit 1500 and accounts receivable credit 1500 none of the other answers