subject
Business, 26.09.2019 19:20 sconner733

For the fiscal year ended december 31, 2016, alpha company had credits sales that amounted to $300,000. historically, 2.5% of credit sales are uncollectible. alpha company uses the percentage of sales method to determine its uncollectible accounts. the balance before any end of the year adjusting entry in the allowance for uncollectable accounts is a credit value of $1,575. use this information to prepare the adjusting general journal entry (without explanation) for the fiscal year.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 20:00
Edna gomez is the founder of the restaurant chain good and green. she ensures that the products in her stores are ethically and responsibly sourced. most products are therefore 100 percent organic and all packaging is manufactured from recycled material. also, her company sources ingredients from farms within 100 miles from her locations. edna's belief is that her restaurants should be able to support the community at large. which of the following terms best describes edna gomez? a. headhunter b. category captain c. social entrepreneur d. trade creditor
Answers: 3
question
Business, 22.06.2019 22:50
What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage
Answers: 1
question
Business, 23.06.2019 07:00
Choose all that apply. a financially-responsible person has a budget has no plan spends less than they make pays for everything with a credit card saves their money pays bills on time
Answers: 1
question
Business, 23.06.2019 08:30
Portionpac has been a good corporate citizen for fifty years. which of the following is not an argument in favor of social responsibility and corporate citizenship?
Answers: 3
You know the right answer?
For the fiscal year ended december 31, 2016, alpha company had credits sales that amounted to $300,0...
Questions
question
World Languages, 20.08.2021 14:00
question
English, 20.08.2021 14:00
question
Computers and Technology, 20.08.2021 14:00
Questions on the website: 13722363