E6-2 Determine the due date and the amount of interest due at maturity on the following notes: Date of Note Face Amount Interest Rate Term of Note a. January 6 $40000 9% 45 days b. March 23 9000 10 60 days c. May 30 12000 12 90 days d. August 30 18000 10 120 days e. October 110500 8 60 days E6-7 Estimating doubtful accounts Newbury Bikes Co. is a wholesaler of motorcycle supplies. An aging of the companys accounts receivable on December 31 2012 and a historical analysis of the percentage of uncollectible accounts in each age category are as follows: Estimate what the balance of the allowance for doubtful accounts should be as of December 31 2012. E6-18 Lower-of-cost-or-market inventory On the basis of the following data determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 9. Commodity Inventory Quantity Unit Cost Price Unit Market Price Buffal 35 $115 $120 Dakota 67 90 75 Frontier 8 300 280 Midwest 83 40 30 Rainbow 100 90 94