Acompany uses the percent of sales method to determine its bad debts expense. at the end of the current year, the company's unadjusted trial balance reported the following selected amounts: accounts receivable $ 353,000 debit allowance for uncollectible accounts 620 debit net sales 798,000 credit all sales are made on credit. based on past experience, the company estimates that 0.6% of net credit sales are uncollectible. what amount should be debited to bad debts expense when the year-end adjusting entry is prepared?
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Business, 21.06.2019 16:00
Jelly has joined drakes team drake sends kelly an email explaining details of the project that she will be working on which of these is good etiquette
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Business, 22.06.2019 01:40
Kis the insured and p is the sole beneficiary on a life insurance policy. both are involved in a fatal accident where k dies before p. under the common disaster provision, which of these statements is true?
Answers: 1
Business, 22.06.2019 10:20
The following information is for alex corp: product x: revenue $12.00 variable cost $4.50 product y: revenue $44.50 variable cost $9.50 total fixed costs $75,000 what is the breakeven point assuming the sales mix consists of two units of product x and one unit of product y?
Answers: 3
Business, 22.06.2019 11:20
Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?
Answers: 3
Acompany uses the percent of sales method to determine its bad debts expense. at the end of the curr...
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