At the end of the year, the unadjusted balance in the Allowance for Uncollectible Accounts is $951 credit and Accounts Receivable $97,250 debit balance. What is the amount should be debited to Bad Debt Expense, assuming 6% of outstanding accounts receivable at the end of the year is uncollectable?

The correct answer is $4,884.

Explanation:

According to the scenario, the given data are as follows:

Account Receivable ( debit) = $97,250

Uncollectable accounts (credit) = $951

Uncollectable percentage = 6%

So, the amount of bad debt can be calculated using the following formula:

Firstly, we calculate the amount that will be uncollectable at the end of the year:

= Account Receivable ( debit) × uncollectable percentage

= $97,250 × 6%

= $5,835

As uncollectable accounts have the credit of $951, then

= $5,835 - $951

= $4,884

Hence, the amount should be debited to Bad Debt Expense is $4,884

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

answer(d) the growth of consumption is likely to remain sluggish even as the economy begins to recover.;