Josh purchased a baseball team for 100 million dollars and financed the entire purchase price at a nominal rate of interest payable 12 times per year at 6% per annum. josh planned to repay the loan with 10 annual payments of equal amount beginning one year after the loan began. right after josh made his fourth annual payment, he refinanced the loan at an effective annual interest rate of 5% for 15 more years. josh repaid this new 15 year loan with equal payments at the end of each year. how much were these new payments for the refinanced loan?

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?