subject
Business, 06.09.2019 02:10 oneicyahdaley10

Allowance for doubtful accounts has a credit balance of $800 at the end of the year (before adjustment), and an analysis of accounts in the customer ledger indicates the estimated amount of uncollectible accounts should be $16,000. based on the estimate above, which of the following adjusting entries should be made? a. debit bad debt expense, $800 credit allowance for doubtful accounts, $800b. debit bad debt expense, $15,200 credit allowance for doubtful accounts, $15,200c. debit allowance for doubtful accounts, $800 credit bad debt expense, $800d. debit bad debt expense, $16,800 credit allowance for doubtful accounts, $16,800

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 11:10, allieallie
Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.
Answers: 1
image
Business, 22.06.2019 13:50, tinasidell1972
The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?
Answers: 2
image
Business, 22.06.2019 20:00, princesincer9256
The master manufacturing company has just announced a tender offer for its own common stock. master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer:
Answers: 2
image
Business, 23.06.2019 00:30, humpty21
One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.
Answers: 1
You know the right answer?
Allowance for doubtful accounts has a credit balance of $800 at the end of the year (before adjustme...

Questions in other subjects:

Konu
Biology, 25.09.2019 18:30
Konu
Mathematics, 25.09.2019 18:30