Business, 05.05.2020 19:30 Morehollie9428
On January 1, Year 2, Grande Company had a $68,200 balance in the Accounts Receivable account and a $2,300 balance in the Allowance for Doubtful Accounts account. During Year 2, Grande provided $176,000 of service on account. The company collected $203,300 cash from accounts receivable. Uncollectible accounts are estimated to be 1% of sales on account. The amount of uncollectible accounts expense recognized on the Year 2 income statement is:
Answers: 1
Another question on Business
Business, 22.06.2019 03:10
On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.
Answers: 3
Business, 22.06.2019 21:00
Adecision is made at the margin when each alternative considers
Answers: 3
Business, 23.06.2019 03:00
What are the weak points of economic costs that are part of a free enterprise economy?
Answers: 1
Business, 23.06.2019 10:00
If a business is in need of working capital, one option is to use a(n) that will buy the company's account receivables and then handle their collection for a fee.
Answers: 2
You know the right answer?
On January 1, Year 2, Grande Company had a $68,200 balance in the Accounts Receivable account and a...
Questions
Mathematics, 02.01.2020 08:31
Mathematics, 02.01.2020 08:31
Mathematics, 02.01.2020 08:31
World Languages, 02.01.2020 08:31
Advanced Placement (AP), 02.01.2020 08:31
Mathematics, 02.01.2020 08:31
English, 02.01.2020 08:31
Social Studies, 02.01.2020 08:31
Geography, 02.01.2020 08:31
