Simple MCQ question from Financial Accounting. Please solve it ASAP!!!

On January 1, Year 2. Julio Company's Allowance for Doubtful Accounts had a balance of $600. During Year 2, Kincaid wrote off 5400 of receivables as ancollectible. At December 31, Year 2 the company's outstanding accounts receivable totaled $50,000 and the company estimated 19 of the outstanding receivables to be uncollectible. What is the net realizable value of Julio Company's accounts receivable as of 12/31/Year 2 $49,700 $49,800 O $49,500 549,600 QUESTION 47 On December 31. Year 1 Kincaid Company's Accounts Receivable balance was $31,000. During Year 1, Kincaid reported $72,500 of credit sales. Kincaid estimates that it will be unable to collect one percent (196) of credit sales. What is the balance in the allowance for doubtful accounts as of December 31, Year 17 530.275 O 5310 $725 $30,690 On January 1, Year 1. Platte Corporation issues a 5-year note payable for $5.000. The interest rate is 5% and the annual payment of 51,156, due each December 31, includes both interest and principal. Which of the following correctly shows the effect of the issuance of the note on Platte's financial statements? + - Assets A. 5.000 B. 5.000 C 5,000 D. NA Option A Liab. 5.000 5.000 NA 5,000 + + + Stk. Equity NA NA 5.000 (5.000) Revenue NA NA NA NA Expense NA NA NA 5.000 Net Inc. NA NA NA (5.000) Stmt. of Cash Flows +FA +OA -FA NA - + Option B O Option Option