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

Another question on Business

question
Business, 21.06.2019 18:10
Classifying inflows and outflows of cash classify each of the following items as an inflow (i) or an outflow (o) of cash, or as neither (n). lg 2 lg 2 item change ($) item change ($) cash +100 accounts receivable −700 accounts payable −1,000 net profits +600 notes payable +500 depreciation +100 long-term debt −2,000 repurchase of stock +600 inventory +200 cash dividends +800 fixed assets +400 sale of stock +1,000
Answers: 1
question
Business, 22.06.2019 06:00
When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue.accounts receivable and crediting interest revenue.notes receivable and crediting accounts receivable and interest revenue.notes receivable and crediting accounts receivable.
Answers: 3
question
Business, 22.06.2019 21:50
Which three of the following expenses can student aid recover? -tuition -television -school supplies -parties and socializing -boarding/housing
Answers: 2
question
Business, 22.06.2019 23:30
How does the federal reserve stabilize and safeguard the nation’s economy? (select all that apply.) it distributes currency and oversees fiscal conditions. it implements american monetary policy. it regulates banks and defends consumer credit rights. it regulates and oversees the nasdaq stock exchange.
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
question
Mathematics, 04.12.2020 19:20
question
Mathematics, 04.12.2020 19:20
question
Mathematics, 04.12.2020 19:20
question
Mathematics, 04.12.2020 19:20
Questions on the website: 13722361