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What is the maturity value of a 3-month, 14% notefor SS0000?(Round your answer to the nearest A) $51,750 B) $50000 C) $57,000 D) $52000 8) The Allowance for Bad Debts account has a debit balance of $8,000 before the adjusting entry for 8 the a will be $13,000. What amount of bad debts expense will be reported on the income statement? debts espense. After analyzing the accounts in the accounts receivable subsidiary ledger usingg ging of-receivables method, the company'snacernent estimates at uncollectible accounts A) $13,000 B) $5,000 C) 56,000 D) $21000 9) A business maintains subsidiary accounts for each of its customers. On May 15, the business ses9) services on accourt: $2,100 to customer J.Simmmons; $4.000 to customer A Jones and $1.500 t0 customer ] Willams Which jourmal entry is needed to record this sales transaction? A) May 15 Service Revenue Accounts Receivable 7,600 B) May 15 Accounts Receivable Control 7,600 Sales Revenue 7,600 May 15 Acccuants Receivable-1 Simmons 2.100 Accounts Receivable- A. Jones 500 Accounts Receivable-J. Williams Accounts Receivable- Control C) May 15 Accounts Receivable Service Revenue 2,100 4000 1,500 7 D) May 15 Accounts Receivable - J. Simmons Accounts Receivable- A Jones Accounts Receivable- J Williams Service Revenue 10) 10) Which of the following is included in the cost of a plant asset? A) regular repair and maintenance costs B) amounts paid to make the asset ready for its inbended use C) replacement of damaged parts of the asset D) wages of workers who work use the asset in normal operations 11) Acer, Inc plans to develop a shopping center, In the first quarter, the following amounts were Surveys and legal fees 800 1.560 sagna What amount should be recorded as the cost of the land in the corporation's books? D) $23,400 C) $22,800 B) $19,960 A) $18,400

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