Question 9

1. ShadyTree Company issued a note receivable to a customer. The face value of the note was $14,000 at 5% interest for 5 months. How much interest revenue should ShadyTree recognize for the entire term of the note?

   		$291.67
   		$408.33
   		$58.33
   		$700

Question 10

1. The year-end balance in accounts receivable is $300,000, the Allowance for Uncollectible Accounts had a beginning of year balance of $2,500 credit, accounts written off during the year were $2,200. An aging of receivables determined that $6,300 of receivables will be uncollectible. What is the net realizable value of accounts receivable at year end?

   		$298,400
   		$293,700
   		$293,400
   		$294,000

Question 11

1. The beginning balance in the Allowance for Uncollectible Accounts account is a $3,500 debit. After conducting an aging analysis, management has determined that $8,200 of accounts receivable will be uncollectible. What was the Uncollectible Accounts Expense for the year?

   		$8,200
   		$4,700
   		$3,500
   		$11,700

Question 12

1. The beginning balance in the Allowance for Uncollectible Accounts account is a $3,500 credit. After conducting an aging analysis, management has determined that $8,200 of accounts receivable will be uncollectible. What is the ending balance in the Allowance for Uncollectible Accounts account?

   		$4,700
   		$11,700
   		$3,500
   		$8,200