On October 1, 2018, Parker, Inc. made a loan $140,000 at 15% Calculate the maturity...
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On October 1, 2018, Parker, Inc. made a loan $140,000 at 15% Calculate the maturity value of he and your final answer to the nearest dollar.) to one of its customers. The customer signed a 6-month note for note. (Round any intermediate calculations to two decimal places, O A. $119,000 B. $150,500 OC. $129,500 O D. $161,000 Click to select your answer Oo prS pussible The Allowance for Bad Debts account has a credit balance of $2,000 before the adjusting entry for bad debts expense. The company's management estimates that 3% of net credit sales will be uncollectible for the year 2019 Net credit sales for the year amounted to $250,000. What is the amount of Bad Debts Expense reported on the income statement for 2019? A. $7,500 B. $5,500 O C. $3,750 O D. $9,500 llc Cco Rec om o Rece om bsidia Divide ceivab E None Click to select your answer. ese ans oices ar
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