Ul. bad Uebt Expense $2,000, Cr. Accounts Receivable $2,000 Question 6.66 pts Assume a year = 360 days. The interest charged on a $100,000, 120-day note payable, at the rate of 6%, would be $6,000 $2.000 $1200 $720.000 6.67 pts Question 30 Question 27 6.66 pts A $1,000 face alue bond with a quoted price of 96 is selling for $960 @ $96 $906 $1000 Question 28 6.66 pts When an accou... becomes uncollectible and must be written off, Both accounts receivables should be credited and allowance for doubtful accounts should be debited Allowance for Doubtful Accounts must be debited Accounts Receivable should be credited Bad Debt Expense should be credited