For a repayment schedule that starts at EOY four at $Z and proceeds for years 4 through 9 at $2Z, $3Z,..., what is the value of Z if the principal of this loan is $10 comma 000 and the interest rate is 7% per year? Use a uniform gradient amount (G) in your solution.

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false