total stockholders' equity o $35,000, net sales for the year of $150,000, and net income for the year of $21,000. What is the amount of the company's earnings per share? 6. A company has 10,000 shares of common stock outstanding and reports A. $2.10 B. $0.48 C. $15.00 D. $3.50 A company estimates uncollectible accounts using the percentage-of-receivables basis. Prior to adju the company has an accounts receivable balance of $900,000 and the allowance has a credit balance o $2,000. If the allowance is estimated to be 2% of receivables, what is the amount of bad debt expense? stment, 7. A. $20,000 B. $16,000 C. $17,960 D. $18,000 On December 1, The Bank lends a customer $20,000 and accepts a 4-month, 6% promissory note, what is the December 31 year-end adjusting entry recorded by The Bank to accrue interest on the note? 8, A. Debit Interest Expense $100 and credit Interest Payable $100 B. Debit Interest Receivable $100 and credit Interest Revenue $100 C. Debit Notes Receivable $20,000 and credit Cash $20,000 D. Debit Interest Receivable $300 and credit Interest Revenue $300