Business, 01.10.2019 01:00 lily3934

An aging of lily company’s accounts receivable as of december 31 revealed the following. amount % uncollectible current $20,000 2% 1-30 days 50,000 4% 31-60 days 30,000 7% over 60 days 10,000 25% before any adjustment for the current year’s bad debts, lily company has a balance in its allowance for bad debts of $3,000; this $3,000 represents the remaining allowance associated with accounts receivable created in prior years. lily company uses the aging method of estimating bad debt expense. what is bad debt expense for this year?

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 14:20

On january 1, 2015, jon sports has a bond payable of $200,000. during 2015, it pays off $20,000 of the outstanding bond principal and issues a new $70,000 bond. there are no other transactions related to the bond payable account. what is jon sports' december 31, 2015, bond payable balance?

Answers: 2

Answer

Business, 21.06.2019 23:30

Which alternative accounting method allows farmers to record expenses and incomes in the year in which they sell their yield? gaap allows for the method, which permits farmers to subtract the expenses of producing the crop in the year in which they sell the yield and earn the revenue.

Answers: 3

Answer

Business, 22.06.2019 19:40

Anita has been named ceo of a popular sports apparel company. as ceo, she is tasked with setting the firm's corporate strategy. which of the following decisions is anita most likely to makea) whether to pursue a differentiation or cost leadership strategy b) which customer segments to target c) how to achieve the highest levels of customer satisfaction d) what range of products the firm should offer

Answers: 2

Answer

Business, 23.06.2019 01:00

Bob, an employee at machina corp., is well known among his colleagues because of his temper and impatience. during a heated argument with one of his supervisors, he reacts with hostility. bob's manager calls him in for a discussion and listens to what he has to say about the incident, while treating him with dignity and respect. this scenario can be best categorized as one that used

Answers: 3

Answer

You know the right answer?

An aging of lily company’s accounts receivable as of december 31 revealed the following. amount % un...

Questions