In polychronic cultures, people focus on one thing at a time and adhere to time commitments

Malloy Company, a manufacturer of small appliances, had the following activities, allocated costs, and allocation bases

Activities Allocated Costs Allocation Base Account inquiry (hours) $77,000 2,800 hours Account billing (lines) $31,000 15,000 lines Account verification (accounts) $14,000 29,000 accounts Correspondence (letters) $14,000 1,000 letters The above activities are carried out at two of its regional offices. Activities Northeast Office Midwest Office Account inquiry (hours) 100 hours 300 hours Account billing (lines) 16,000 lines 8,000 lines Account verification (accounts) 1,800 accounts 600 accounts Correspondence (letters) 50 letters 110 letters How much of the account inquiry cost will be assigned to the Midwest Office? (Round any intermediate calculations to two decimal places and your final answer to the nearest dollar.) A) $16,500 B) $77,000 C) $27,500 D) $8,250

If a bank statement included a bank collection of a note receivable and the related interest revenue, the journal entry to record this item should include a:

A) debit to Note Receivable and a credit to Cash. B) debit to Cash and a credit to Note Receivable. C) debit to Cash, credit to Note Receivable, and credit to Interest Revenue. D) debit to Note Payable, credit to Cash and credit to Interest Revenue.