Amy is analyzing a job offer. Amy’s Salary Analysis
Annual Salary
Benefits
Average Monthly Rent
Average Monthly Utility Costs

$48,500
401K matched up to $2,500/year,
$5,000 in bonuses

$1,100

$200

How much income with benefits can she expect?
$43,500
$48,500
$53,500
$56,000

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false