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Question 5 1 pts The balance of Allowance for Doubtful Accounts is added to Accounts Receivable on the balance sheet. True False Question 6 1

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Question 5 1 pts The balance of Allowance for Doubtful Accounts is added to Accounts Receivable on the balance sheet. True False Question 6 1 pts The interest on a 6%, 60-day note for $5,000 is $300. True False Question 7 1 pts The maturity value of a 12%, 60-day note for $5,000 is $5,600. True False

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