- debt consolidation advice
- seller concessions
- travel expense report
i have no clue how to do this.. plesae hlep
Providing for Doubtful Accounts
At the end of the current year, the accounts receivable account has a debit balance of $6,125,000 and net sales for the year total $66,800,000.
A.The allowance account before adjustment has a debit balance of $18,000. Bad debt expense is estimated at ¾ of 1% of net sales.
B.The allowance account before adjustment has a debit balance of $18,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $475,000.
C.The allowance account before adjustment has a credit balance of $10,000. Bad debt expense is estimated at ½ of 1% of net sales.
D.The allowance account before adjustment has a credit balance of $10,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $360,000.
Providing for Doubtful Accounts
At the end of the current year, the accounts receivable account has a debit balance of $6,125,000 and net sales for the year total $66,800,000.
A.The allowance account before adjustment has a debit balance of $18,000. Bad debt expense is estimated at ¾ of 1% of net sales.
B.The allowance account before adjustment has a debit balance of $18,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $475,000.
C.The allowance account before adjustment has a credit balance of $10,000. Bad debt expense is estimated at ½ of 1% of net sales.
D.The allowance account before adjustment has a credit balance of $10,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $360,000.
Accounting homework please help?
没有评论:
发表评论