Question 1 (1 point) If a 10%, one-year, $1,000 note is dated October 1, 20X1, how much interest income should be recorded for the year ending December 31, 20X1 by the payee? O $20 None of these. O $75 O $100 O $0 Question 2 (1 point) DeVries uses an allowance method for recording bad debts. DeVries previously wrote off a $1,000 of accounts receivable from Morris Corporation. However, Morris subsequently paid the full amount. The entry to record collection would include: None of these O a debit to Us.collectible Accounts Expense for $1,000. O a credit to Uncollectible Accounts Expense for $1,000. O a credit to Allowance for Uncollectible Accounts for $1,000. O a credit to Cash for $1,000