Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $46500. If the...
Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $46500. If the balance of the Allowance for Doubtful Accounts is a $5300 debit before adjustment, what is the balance after adjustment?
$51800
$46500
$5300
$41200
Homework Answers
Correct answer-----------$51,800
Working
| Estimated balance of allowance for uncollectables | $ 46,500.00 | Cr |
| Add: Balance in Allowance for uncollectable account (Dr) | $ 5,300.00 | Dr |
| Total bad debts to be recorded | $ 51,800.00 | Cr |
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Using the percentage-of-receivables method for recording bad
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Question 14 (2 points) Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $45,000. If the balance of the Allowance for Doubtful Accounts is $6,000 balance before adjustment, what is the amount of bad debt expense for that period? a) $39,000 b) $51,000 c) $6,000 d) $45,000
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Using the percentage of sales method for recording bad debts expense, estimated uncollectible accounts are $11,000....
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