subject
Business, 22.03.2021 16:50 live4dramaoy0yf9

At the end of Year 4, the unadjusted trial balance of Albert Company includes $1,500,000 of outstanding accounts receivable and an Allowance for Uncollectible Accounts of $14,900 (credit balance). Total sales for the year are $2,094,000 and 85% of the sales were on account. The company estimates that 2% of credit sales are uncollectible and no entries have been made during the year to reflect these uncollectibles. After making the appropriate adjusting journal entry at year-end, what is the balance to be reported on the balance sheet in the Allowance for Uncollectible Accounts

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 08:30
Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9
Answers: 2
question
Business, 22.06.2019 11:00
When partners own different portions of the business, the terms should be stated clearly in what document? the articles of incorporation the executive summary the business summary the partnership agreement
Answers: 3
question
Business, 22.06.2019 23:00
The sign at the bank reads, "wait here for the first available teller," suggests the use of a waiting line system.a. multiple server, single phaseb. random server, single phasec. single server, multiphased. multiple server, multiphasee. dynamic server, single phase
Answers: 2
question
Business, 23.06.2019 00:10
Many years ago, sprint telecommunications aired an advertisement intended to demonstrate the clarity of reception sprint customers could expect. the ad showed a rancher, who had used a different company, complaining that he had ordered 100 oxen from his supplier and instead received 100 dachshunds. the mix-up was probably due to the presence of in the communication process.
Answers: 3
You know the right answer?
At the end of Year 4, the unadjusted trial balance of Albert Company includes $1,500,000 of outstand...
Questions
question
Social Studies, 18.10.2021 20:00
question
Mathematics, 18.10.2021 20:00
Questions on the website: 13722367