subject
Business, 07.04.2020 21:26 nyny980

At the beginning of 2018, Uptown Travel, Inc. has the following account balances: Accounts receivable $ 46 comma 000 (Debit) Allowance for Bad Debts $ 5 comma 000 (Credit) During the year, credit sales were $ 850 comma 000. Cash collected on credit sales was $ 770 comma 000, and $ 15 comma 000 was written off. Uptown uses the method to record bad debts expense. The amount estimated as uncollectible was $ 29 comma 000. The amount of Bad Debts Expense for 2018 is .

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 23:00
Each of the four independent situations below describes a sales-type lease in which annual lease payments of $12,500 are payable at the beginning of each year. each is a finance lease for the lessee. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) situation 1 2 3 4 lease term (years) 3 3 3 3 asset’s useful life (years) 3 4 4 6 lessor’s implicit rate (known by lessee) 14 % 14 % 14 % 14 % residual value: guaranteed by lessee 0 $ 5,000 $ 2,500 0 unguaranteed 0 0 $ 2,500 $ 5,000 purchase option: after (years) none 2 3 3 exercise price n/a $ 7,500 $ 1,500 $ 3,500 reasonably certain? n/a no no yes
Answers: 1
question
Business, 22.06.2019 14:30
The state in which the manufacturing company you work for is located regulates the presence of a particular substance in the environment to concentrations ≤ x. recently-released, reliable research endorsed by the responsible federal agency conclusively demonstrates that the substance poses no risks at concentrations up to 5x. your company has asked you to consider designing a new process with a waste discharge stream containing up to 2x of the substance. based on the stated conditions, describe this possible.
Answers: 2
question
Business, 23.06.2019 09:00
Describe at least four ways you can take money out of a checking account
Answers: 2
question
Business, 23.06.2019 17:00
Suppose that a recent celebrity endorsement made more people prefer this brand of cell phones. now, more cell phones are demanded at each price level. as a result of the increase in demand, the equilibrium price and the equilibrium quantity increases, decreases
Answers: 1
You know the right answer?
At the beginning of 2018, Uptown Travel, Inc. has the following account balances: Accounts receivabl...
Questions
question
Chemistry, 02.08.2019 08:30
question
Mathematics, 02.08.2019 08:30
question
Mathematics, 02.08.2019 08:30
Questions on the website: 13722367