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The interest on a $15,000, 6%, 60-day note receivable is 1)$75. 2) $900 3) $450. 4) $150. Question 4 (1 point) 4 Listen Using
The interest on a $15,000, 6%, 60-day note receivable is 1)$75. 2) $900 3) $450. 4) $150. Question 4 (1 point) 4 Listen Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $55,000. If the balance of the Allowance for Doubtful Accounts is $11,000 debit before adjustment, what is the amount of bad debt expense for that period? 1) $55,000 2) $11.000 3) $66,000 4) $44,000
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