A $12,000, 10%, 90-day note accepted from Daniels & Company was not paid at maturity. The journal entry to recognize this event involves a A. credit-to-interest revenue. B. debit to cash. C. debit-to-interest expense. D. debit-to-uncollectible-account expense.

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.