subject
Business, 10.05.2021 20:20 loudenalexisp56lp0

Accounts Receivables has a balance of $750,000 and the Allowance for Doubtful Accounts has a debit balance of $600 at the end of the current year prior to adjustment. Management estimates that 1% of Accounts Receivables are estimated to be uncollectible. The adjusting entry using the percentage of receivables method would require a credit to:

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 03:30
Joe said “your speech was really great, i loved it.” his criticism lacks which component of effective feedback? a) he did not recognize his ethical obligations b) he did not focus on behavior c) he did not stress the positive d) he did not offer any specifics
Answers: 2
question
Business, 22.06.2019 14:00
Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $
Answers: 3
question
Business, 22.06.2019 17:40
Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is:
Answers: 1
question
Business, 22.06.2019 19:40
Aprimary advantage of organizing economic activity within firms is thea. ability to coordinate highly complex tasks to allow for specialized division of labor. b. low administrative costs because of reduced bureaucracy. c. eradication of the principal-agent problem. d. high-powered incentive to work as salaried employees for an existing firm.
Answers: 1
You know the right answer?
Accounts Receivables has a balance of $750,000 and the Allowance for Doubtful Accounts has a debit b...
Questions
question
Mathematics, 29.10.2020 14:00
question
Mathematics, 29.10.2020 14:00
question
Mathematics, 29.10.2020 14:00
Questions on the website: 13722367