Using the aging approach for recording bad debts expense, estimated ending balance of Allowance for Doubtful Accounts are $12,000. If the balance of the Allowance for Doubtful Accounts is $1,000 on debit before adjustment, what is the amount of bad debts expense for that period? $1,000 O $11,000 O $13,000 O$12,000 Kinsella Seed borrowed $500,000 on September 1, 2019, at 6% annual interest rate. The interest and principal are due on September 1, 2020. Kinsella's fiscal year ends at December 31. What journal entry should be made with respect to the interest payment on September 1, 2020? Debit Interest Expense 20,000; Debit Interest Payable 10,000; Credit Cash 30,000 Debit Interest Expense 30,000; Credit Cash 30,000 Debit Interest Expense 22,500; Debit Interest Payable 7,500; Credit Cash 30,000 Debit Interest Expense 22,500; Credit Cash 22,500 The activity for a specific inventory item for the month of March was as follows: # of Per Unit Total Units October 1 inventory Cost Cost 30 Purchases: $28 $840 October 5 100 30 October 13 3,000 60 32 October 15 1,920 36 Goods Available for Sale 3,240 $9,000 Sales: October 8 110 October 22 90 280 120 230 Using weighted average cost under a perpetual inventory system, what is the amount of Cost of Goods Sold (round intermediate and final calculations to the nearest dollar) recorded on October 8? $3,410 $3,900 $3,300 $4,030 $