cesarchakal45 cesarchakal45

10-09-2019
Business

contestada

On December 31, 2015, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $43,000 and $1,250, respectively. During 2016, Coolwear wrote off $775 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $5,600 at December 31, 2016. Bad debt expense for 2016 would be:

Respuesta :

mltn1980 mltn1980

15-09-2019

Answer:

Bad debt expense $5.125

Explanation:

Initial Balance

Accounts Receivable $ 43.000

Allowance for Uncollectible Accounts $ 1.250

Entry

Allowance for Uncollectible Accounts $ 775

Accounts Receivable $ 775

New Balance

Accounts Receivable $ 42.225

Allowance for Uncollectible Accounts $ 475

Entry Adjustment

Bad debt expense $ 5.125

Allowance for Uncollectible Accounts $ 5.125

END Balance

Accounts Receivable $ 42.225

Allowance for Uncollectible Accounts $ 5.600

Answer Link

Otras preguntas

The sum of 4 multiplied by a and 5 multiplied by b Write in algebraic expression

What is the preface or introduction to a book? a page at the front of a book that lists units and chapters with their page numbers an alphabetical list of all

Write as a polynomial: y^2(y+5)(y–3)

Name a sex linked genetic disorder

With which part of speech does the diamante usually begin?

During the Cold War, India’s decision to support neither the United States nor the Soviet Union was based on its policy of (1)nonalignment (2)isolationism (3)co

In a survey 27% of the people chose salads over a meat dish and in all 81 people chose salads. How many people were in the survey

1/4 b = -3 what is b

What does the exosphere do??

which quotation accurately describes calvin coolidge's philosophy against active government A. "i pledge myself, to a new deal from the american people." B. "th