subject
Business, 24.02.2020 19:01 crazylife77

At the end of the current year, using the aging of receivable method, management estimated that $32,750 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a credit balance of $545. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 13:30
The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.
Answers: 1
question
Business, 22.06.2019 22:40
Which of the following will not cause the consumption schedule to shift? a) a sharp increase in the amount of wealth held by households b) a change in consumer incomes c) the expectation of a recession d) a growing expectation that consumer durables will be in short supply
Answers: 1
question
Business, 23.06.2019 05:30
What are some examples of types of investments on the part of manufactures that result in growth? how does this improve a nation's standard of living?
Answers: 3
question
Business, 23.06.2019 06:50
It is most important to account for factors like warranties and durability when purchasing durable goods or very expensive items
Answers: 1
You know the right answer?
At the end of the current year, using the aging of receivable method, management estimated that $32,...
Questions
question
Advanced Placement (AP), 22.09.2019 07:30
question
Social Studies, 22.09.2019 07:30
question
Mathematics, 22.09.2019 07:30
question
Mathematics, 22.09.2019 07:30
Questions on the website: 13722362