What the market rate of interest was 12 percentage. Halprin Corporation issued dollar 1,000,000, 11 percentage. 10-year bonds that pay interest annually. The selling price of this bond issue was dollar 943,494 dollar 321,970 dollar 621, 524 dollar 1,000,000 Addison, Inc. use a perpetual inventory system. The following is information about one inventory item for the month of September: If Addison uses FIFO, the cost of the ending merchandise inventory of September 30 is dollar 800 dollar 750 dollar 650 dollar 700 A business borrowed dollar 40,000 on March 1 of the current year by signing a 30-day, 9 percentage interest bearing note. When the note is paid on March 31, the entry to record the payment should include a credit to Cash for dollar 10,00 debit to Interest Expense dollar 300 credit to Cash for dollar 43,600 Which group of accounts is comprised of only assets? Accounts Receivable, Revenue, Cash Prepaid Expenses, Buildings, Patents Cash, Accounts Payable, Buildings Unearned Revenues, Prepaid Expenses, Cash Allowance for Doubtful Accounts has a debit balance of dollar 1,200 at the end of the year (before adjustment). The company prepares an analysis of customers' accounts and estimates the amount of uncollectible accounts to be dollar 13,900. Which of the following adjusting entries is needed to record the Bad Debt Expense for the year? debit Allowance for Doubtful Accounts, dollar12,700; debit Bad Debt Expense, dollar 15,100; credit Allowance for doubtful Accounts, dollar 15,100 debit Allowance for Doubtful Accounts, dollar 15,100; credit Bad Debt Expense, dollar15,100 debit Bad Debt Expense, dollar 12,700; credit Allowance for Doubt Accounts dollar 12,700