Business, 27.11.2020 03:30 lacyfigueroa

Kingbird, Inc. uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $290000 and credit sales are $2910000. Management estimates that 4% of accounts receivable will be uncollectible. What adjusting entry will Kingbird, Inc. make if the Allowance for Doubtful Accounts has a credit balance of $2900 before adjustment?

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 20:30

marketing strategies should be established before marketing objectives are decided. t/f

Answers: 1

Answer

Business, 22.06.2019 07:30

Fill in the missing words to correctly complete each sentence about analyzing a job posting. when reviewing a job posting, it’s important to check theto determine whether it’s worth your time to apply. if the post has been up for a while or it’s already closed, move on to the next position. if it’s still available, take note of when it closes so you’ll know when you mayfrom the company in regard to an interview.

Answers: 1

Answer

Business, 22.06.2019 21:30

China white was the black market selling of ivory, in which the profit was redistributed back into the trafficking of heroin.

Answers: 3

Answer

Business, 23.06.2019 08:30

The kamp family has twins, rob and rachel. both rob and rachel graduated from college 2 years ago, and each is now earning $50,000 per year. rachel works in the retail industry, where the mean salary for executives with less than 5 years' experience is $35,000 with a standard deviation of $8,000. rob is an engineer. the mean salary for engineers with less than 5 years' experience is $60,000 with a standard deviation of $5,000.

Answers: 3

Answer

You know the right answer?

Kingbird, Inc. uses the percentage of receivables method for recording bad debts expense. The accoun...

Questions