Use the following to answer questions 20 -22 At the beginning of the year;, AL, Inc.'s allowance for uncollectible accounts had a beginning balance of $6,640. On January 22nd, AL wrote off the A/R from customer C for $240 20. Record the entry for write-off By the end of the year (December 31"); total accounts written off were se,970 pncluding the write off for customer C). What is the balance in the allowance for uncollectible accounts after all the write- offs? 22. s Mow much did bad debt expense change when the company wrote off the accounts Use the following to answer questions 23-25 The company invested $100,000 on May 1, 20A at 4.5% simple interest for 2 years (24 months). 23. S Determine interest revenue 24S, receivables? for 20XA , 0 0 x 0 . 0 S 1 2 -Determine interest revenue for 20KB Determine interest revenue for 20XC Use the following to answer questions 26-27 The company invested $200,000 on October 1, 20XA at 3.75% simple interest for as years (9 months), 26, s- 27.S Determine interest revenue for 20XA Determine interest revenue for 20XB Use the following to answer questions 28-30 The company lent $75,000 on December 1, 20A at 2% simple interest for 15 months. 28.$ 123Determine interest revenue for 20XA 29. SISOO Determine interest revenue for 20XB 7S, ooo xo. 30.s aso -Determine interest revenue for 20c 7s,ooo x soa 75, 000 x 0.02 _ i a x Page 5-13 Spring 2018 Chapter 5