9) Uniform Supply accepted a $4,800, 90-day, 10% note from Tracy Janitorial on October 17. What entry should Uniform Supply make on January 15 of the next year when the note is paid? (Assume reversing entries are not made.) (Use 360 days a year.) A) Debit Notes Receivable $4,800; debit Interest Receivable $120; credit Sales $4,920. B) Debit Cash $4,920; credit Notes Receivable $4,920. C) Debit Cash $4.920; credit Interest Revenue $100; credit Interest Receivable $20; credit Notes Receivable $4,800. D) Debit Cash $4,920; credit Interest Revenue $20; credit Interest Receivable $100; credit Notes Receivable $4,800. E) Debit Cash $4,920; credit Interest Revenue $120; credit Notes Receivable $4,800. 10) A company has the following unadjusted account balances at December 31, of the current year; Accounts Receivable of $183,400 and Allowance for Doubtful Accounts of $1,600 (credit balance). The company uses the aging of accounts receivable to estimate its bad debts. The following aging schedule reflects its accounts receivable at the current year-end: Estimated Uncollectible Account Age Balance Percentage Current (not yet due) $106,000 2.0% 1-30 days past due 54,000 4.0% 30 60 days past due 12,000 10.0% 61-90 days past due 8,500 25.0% Over 90 days past due 2,900 75.0% Total $183,400 Calculate the amount of the Allowance for Doubtful Accounts that should appear on the December 31, of the current year, balance sheet. Answer: S