Tanning company analyzes its receivables to estimate bad debt expense. the accounts receivable balance is $390,000 and credit sales are $1,300,000. an aging of accounts receivable shows that approximately 5% of the outstanding receivables will be uncollectible. what adjusting entry will tanning company make if the allowance for doubtful accounts has a credit balance of $2,500 before adjustment? a. bad debt expense 17,000allowance for doubtful accounts 17,000b. bad debt expense 19,500allowance for doubtful accounts 19,500c. bad debt expense 22,000allowance for doubtful accounts 22,000d. bad debt expense 65,000allowance for doubtful accounts 65,000

Last year, western corporation had sales of $5 million, cost of goods sold of $3 million, operating expenses of $175,000 and depreciation of $125,000. the firm received $40,000 in dividend income and paid $200,000 in interest on loans. also, western sold stock during the year, receiving a $40,000 gain on stock owned 6 years, but losing $60,000 on stock owned 4 years. what is the firm's tax liability?

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Wilson center is a private not-for-profit voluntary health and welfare entity. during 2017, it received unrestricted pledges of $638,000, 65 percent of which were payable in 2017, with the remainder payable in 2018 (for use in 2018). officials estimate that 14 percent of all pledges will be uncollectible. a. how much should wilson center report as contribution revenue for 2017? b. in addition, a local social worker, earning $20 per hour working for the state government, contributed 600 hours of time to wilson center at no charge. without these donated services, the organization would have hired an additional staff person. how should wilson center record the contributed service?