Allowance for doubtful accounts has a debit balance of $2,500 at the end of the year (before adjustment), and bad debt expense is estimated at 4% of credit sales. if net credit sales are $800,000, the amount of the adjusting entry to record the estimate of the uncollectible accounts is:
a) $34,500
b) $32,000
c) $29,500

$34,500.00

Explanation:

Currents balance on the allowance for doubtful debts account is a debit balance of $2500.00. ( negative balance)

Sales volume $ 800,000.

Bad debt expense is 4 %. i.e 4/100= 0.04

Bad debt expense =0.04 x 800,000=32,000.

Add debt balance =$ 32,000.00 + $ 2,500.00

       =$34,500.00

x=3

step-by-step explanation:

this is really simple i saw that there was only one term (5x) and thought if that was 15 what would i have to multiply everything else to get it there? well if 5x became 15 then x would have to be 3 so plug the 3 in the x for the other equations and you get 15 for the other ones. so there you go. : )

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.