At the end of the current year, using the aging of receivable method, management estimated that $28,500 of the accounts receivable balance would be uncollectible. prior to any year-end adjustments, the allowance for doubtful accounts had a debit balance of $800. what adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?

multiple choice

accounts receivable 29,300
allowance for doubtful accounts 29,300
bad debts expense 27,700
allowance for doubtful accounts 27,700
accounts receivable 28,500
bad debts expense 800
sales 29,300
bad debts expense 29,300
allowance for doubtful accounts 29,300
bad debts expense 28,500
allowance for doubtful accounts 28,500

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

How many months does the federal budget usually take to prepare

Almeda products, inc., uses a job-order costing system. the company's inventory balances on april 1, the start of its fiscal year, were as follows: