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2] a) & b)

As Perry Materials Supply was preparing for the year-end close, their balances were as follows Perry Materials uses the aging method and has completed the following analysis of the accounts receivable What will the final balance in the Allowance account be, after adjusting for uncollectible account expense? What is the total interest on a 3-month, 9% note for $32,000? $1,440 $460 $720 $2,880