Business, 21.04.2020 02:32 almaga1979orfvwo

The allowance method of estimating uncollectible accounts receivable based on an analysis of receivables shows that $640 of accounts receivable are uncollectible. The Allowance for Doubtful Accounts has a debit balance of $110.
The adjusting entry at the end of the year will include a credit to Allowance for Doubtful Accounts in the amount of:

A) $530. B) $640. C) $750. D) $110.

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Answer from: holamigosss

C) $750.

Explanation:

Bad debt Expense will be calculated using the percentage of debt loss. The expense will be calculated using the account receivable balance.

Closing Value of the Allowance for Doubtful Accounts will be as follow

As Allowance for Doubtful Accounts already have debit balance of $110, we need to adjust the remainder to make the closing credit balance of Allowance for Doubtful Accounts $640 at the year end.

Adjustment Value = $640 + $110 = $750

Answer from: Annaborden02

Option C,$750 is the correct answer.

Explanation:

Since the balance in the allowance for doubtful accounts is a debit,the current year estimated uncollectible accounts receivable needs to be added in order to determine true position of allowance for uncollectible accounts at year end as shown below:

balance of allowance for uncollectible accounts receivable $100

add newly estimated allowance for uncollectible accounts $640

Actual balance at year end $750

As a result the correct option is C,$750

Answer from: Quest

i think the answer would be b hope this

Answer from: Quest

Via: "if you are found to be supplying or dealing drugs, the punishment is likely to be tough. supplying drugs doesn’t just apply to dealers. if police suspect that you intend to share drugs with your friends, this is still considered to be supplying.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

- up to life in prison or an unlimited fine (or both) for a class a drug- up to 14 years in prison or an unlimited fine (or both) for a class b or class c drug."sorry if this was a school question, you didnt supply options so i assumed it was a personal question, which if it is, reconsider selling or having possesion of any drugs at all. i wish you the best!

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