subject
Business, 21.12.2019 04:31 lexyjasmin6781

During 2016, littleme inc. recorded bad debt expense of $8,000 and wrote off an uncollectible account receivable amounting to $10,000. no previously written-off accounts were collected. assuming january 1, 2016, the allowance for doubtful accounts had a credit balance as $12,000, the december 31, 2016 balance in the allowance account would be a) $20,000. b) $22,000. c) $10,000. d) $ 6,000. e) none of the above is correct

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 05:00, leonidas117
Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.
Answers: 3
image
Business, 22.06.2019 23:30, Calumworthy6046
Which career pathways require workers to train at special academies? a. emts and emergency dispatchers b. crossing guards and lifeguards c. police officers and firefighters d. lawyers and judges
Answers: 3
image
Business, 23.06.2019 00:30, KittyGotham
Emerson has an associate degree based on the chart below how will his employment opportunities change from 2008 to 2018
Answers: 2
image
Business, 23.06.2019 00:50, aaronlikly
On december 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: accounts receivable, debit balance of $97,900; allowance for doubtful accounts, credit balance of $1,031. what amount should be debited to bad debts expense, assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible?
Answers: 1
You know the right answer?
During 2016, littleme inc. recorded bad debt expense of $8,000 and wrote off an uncollectible accoun...

Questions in other subjects: