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Use the following to answer questions 20-22 Chapter 5 Page 5-2 At the beginning of the year; MB, Inc.'s allowance for uncollectible accounts had a
Use the following to answer questions 20-22 Chapter 5 Page 5-2 At the beginning of the year; MB, Inc.'s allowance for uncollectible accounts had a beginning balance of $5,000. On January 22nd, MB wrote off the A/R from customer C for $400 20. Record the entry for write-off 21. $ By the end of the year (December 31"); total accounts written off were $4,910 (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 $100,000 on July 1, 20XA at 4% simple interest for 27 months). 23. $ Determine interest revenue for 20XA _Determine interest revenue for 20XB Determine interest revenue for 20XC
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