When Applying Equal Total Payments to a Note,with Each Payment

question 2

Essay

When applying equal total payments to a note,with each payment the amount applied to the note principal ____________ while the interest expense for the note _____________.
Answers must appear in this order.

Estimate and adjust the allowance for doubtful accounts based on receivables analysis.

Understand the role and impact of accounts receivable on business liquidity.

Understand the importance and function of maintaining adequate records for internal control.

Recognize the role and limitations of bonding in discouraging theft and loss.