Question: Question 19 - The amounts that cannot be collected from charge customers are called Collection Deficiency Expense. Bad Debt Expense. Loss from Uncollectible Accounts. Uncollectible
Question 19 - The amounts that cannot be collected from charge customers are called
| Collection Deficiency Expense. | |
| Bad Debt Expense. | |
| Loss from Uncollectible Accounts. | |
| Uncollectible Charges Expense.
|
Federal Bank of America has loaned $9,000 to Southgate Animal Hospital, using a 90-day non-interest-bearing note. The bank discounted the note at 8%. The debit to Discount on Notes Payable in the general journal will be in the amount of
(2pts)
Question 20 - Federal Bank of America has loaned $9,000 to Southgate Animal Hospital, using a 90-day non-interest-bearing note. The bank discounted the note at 8%. The debit to Discount on Notes Payable in the general journal will be in the amount of
| $9,000.00. | |
| $8,820.00. | |
| $180.00 | |
| $9,180.00.
|
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