7) Using the percentage-of-sales method, the estimated total uncollectible accounts are $6,322. The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $3,135. The Accounts Receivable balance is $44,520. The amount of the adjusting entry for Uncollectible-Accounts Expense is:

4) With regard to notes receivable, which of the following statements is CORRECT?

31) Treating a capital expenditure as an immediate expense:

3) With regard to Accounts Receivable, a separate account for each customer is kept in a(n):

5) When evaluating the collectability of accounts receivable:

19) Gross profit will be the:

3) With regard to Accounts Receivable, a separate account for each customer is kept in a(n):

17) Tomasino’s inventory records show the following data at January 31:   Beginning inventory Jan. 1 80 units at $9 per unit Jan. 10 purchase 270 units at $12 per unit Jan. 22 purchase 120 units at $13 per unit   At January 31, 230 units are still on hand. What is the cost of the ending inventory at January 31 if Tomasino uses the FIFO method?

9) Lennon Company signed a 12-month, $59,000, 8% note on June 1, 2023. The amount of interest to be accrued on December 31, 2023, is: (Round your final answer to the nearest dollar.)

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