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Question: On December 31, 2020, Extreme Fitness has adjusted balances of $800,000 in Accounts Receivable and $55,000 in Allowance for Doubtful Accounts On January 2, 2021, the company learns that certain customer accounts are not collectible, so management authorizes a write-off of these accounts totaling $10,000
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On May 3, 2020, Leven Corporation negotiated a short-term loan of $685,000 The loan is due October 1,2020 , and carries a 6 86% interest rate Use ordinary interest to calculate the interest ) What is the total amount Leven would pay on the maturity date? (Use Days in a year table ) Note: Do not round intermediate calculations Round your
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