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A note datod May 23 and due in 90 days would be due on A)...

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Accounting

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A note datod May 23 and due in 90 days would be due on A) August 20, B) August 22. C) Augast 21 D) August 23 8. The interest on a 90-day, 12 percent, $3,000 note is A) $360. B) $90. C) $60. D) $30. 9. The maturity value of a 60-day, 9 percent, $1,000 note is A) $910. B) $985 C) $1,015. D) $1,090. 10. When a note is dishonored, the payee's entry inchudes a A) credit to Accounts Receivable. B) debit to Interest Expense. C) credit to Interest Income. D) debit to Notes Receivable. 11. A company has net sales of $100,000 during the year. At year end (before an adjustmen for Uncollectible Accounts has a credit balance of $5,000. If the company estimates tha is uncollectible, what is the balance in the allowance account after the year-end adjust A) $3,000 debit balance B) $3,000 credit balance C) $8,000 credit balance D) $2,000 debit balance Jse the following to answer questions 12-15: 200 units $6.00 300 units $6.60 100 units $7.20 200 units $7.80 pr. 1 Inventory 6 Purchase 13 Purchase 20 Purchase 25. Purchase 40 units $8.40 620 units Sale periodic inventory system is used. 12. Using the average-cost method, the cost assigned to nding inventory from t A) $1,518. B) S1,584. C $4,278 D) $1,692

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