Business, 14.12.2019 02:31 peggycab4201
Ayayai corp. uses the percentage of receivables method for recording bad debts expense. the accounts receivable balance is $200,000 and credit sales are $1,000,000. management estimates that 4% of accounts receivable will be uncollectible.
what adjusting entry will ayayai corp. make if the allowance for doubtful accounts has a credit balance of $2,000 before adjustment?
a. bad debt expense 8,000; allowance for doubtful accounts8,000
b. bad debt expense 6,000; allowance for doubtful accounts 6,000
c. bad debt expense 6,000; accounts receivable 6,000
d. bad debt expense 8,000; accounts receivable 8,000
Answers: 3
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Ayayai corp. uses the percentage of receivables method for recording bad debts expense. the accounts...
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