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Using the aging-of-receivables method to estimate uncollectible account expense, Greeley Corporation estimates that $6,000 of its receivable will be uncollectible. Prior to adjustment the Allowance

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Using the aging-of-receivables method to estimate uncollectible account expense, Greeley Corporation estimates that $6,000 of its receivable will be uncollectible. Prior to adjustment the Allowance for Uncollectible Accounts has a debit balance of $1,000, After all necessary adjusting entries are made, the balance in Allowance for Uncollectible Accounts will be: A. $7,000 B. $ 6,000 C. $ 5,000 D. None of the above. Calside Company received a 10-month, $10,000, 6% note on Nov. 1, 2011. The amount of interest to be accrued on December 31, 2011, is A. $100. B, $500. C). $600. D. none of the above Refer to the data in question 8. The amount of interest to be collectible on the maturity date (August 31, 2012) is: A. $100. B. $500. C. $600. D. none of the above Refer to the data in question 8. The maturity value of the note is: A. $500. B. $10,000. C. $10, 500. D. $10, 600

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