12) A method of estimating bad debts expense that involves a detailed examination of outstanding accounts and the length of time past due is the: A) Direct write-off method. B) Aging of accounts receivable method. C) Percentage of sales method. D) Aging of investments method. E) Percent of accounts receivable method. 13) Goodlad Company makes a $60,000, 60-day, 12% cash loan to Ryan Co. The note and interest to be collected at maturity is: (Use 360 days a 1 year.) A) S60,000 B) S1,200. E) $67,200 C) $61,200 D) S58,800