Business, 08.07.2019 20:20 kam3864

At the beginning of 2019, elliott, inc. has the following account balances: accounts receivable $41,000 (debit balance) allowance for bad debts $6,000 bad debts expense $0 for bad debts (credi (credit balance) during the year, credit sales amounted to $820,000. cash collected on credit sales amounted to $780,000, and $15,000 has been written off. at the end of the year, the company adjusted for bad debts expense using the percent-of-sales method and applied a rate, based on past history, of 2.5%. the ending balance in the allowance for bad debts is select one: a. $6,000 b. $11,500 c. $5,500 o d. $10,500

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At the beginning of 2019, elliott, inc. has the following account balances: accounts receivable $41...