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Use the following to answer questions 20-22 At the beginning of the year; MB, Inc.'s allowance for uncollectible accounts had a beginning balance of $3,500.
Use the following to answer questions 20-22 At the beginning of the year; MB, Inc.'s allowance for uncollectible accounts had a beginning balance of $3,500. On January 22nd, MB wrote off the A/R from customer Cfor $500 20. Record the entry for write-off 21. 5 By the end of the year (December 31"); total accounts written off were $3,300 (including the write off for customer C). What is the balance in the allowance for uncollectible accounts after all the write- offs? 22. $ _How much did bad debt expense change when the company wrote off the accounts receivables? Use the following to answer questions 23 - 25 The company invested $500,000 on July 1, 20XA at 3% simple interest for 28 months). 23.$. _Determine interest revenue for 20XA 24. $ _Determine interest revenue for 20XB 25. $ Determine interest revenue for 20XC Use the following to answer questions 26 - 27 The company invested $300,000 on April 1, 20XA at 6.8% simple interest for 14 months. 26. $ _Determine interest revenue for 20XA 27. $ Determine interest revenue for 20XB Use the following to answer questions 28 - 30 The company lent $200,000 on November 1, 20XA at 4.5% simple interest for 18 months. 28.5. _Determine interest revenue for 20XA 29. $. Determine interest revenue for 20XB 30. $ Determine interest revenue for 20XC
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