Compute the Ending Balance in the Allowance for Doubtful Accounts

question 60

Short Answer

Compute the ending balance in the allowance for doubtful accounts after the adjusting entries have been prepared for the following independent situations.
a)Credit balance in allowance for doubtful accounts is $500 before adjustment. An aging schedule indicates $3,500 of accounts receivables are uncollectible.
b)Debit balance in allowance for doubtful accounts is $700 before adjustment. An aging schedule indicates $4,300 of accounts receivables are uncollectible.
c)Credit balance in allowance for doubtful accounts is $500 before adjustment. Net credit sales for the current year are $325,000 and 1% is considered uncollectible.
d)Debit balance in allowance for doubtful accounts is $700 before adjustment. Net credit sales for the current year are $350,000 and 1.25% is considered uncollectible.

Grasp the concept of collective conscience and its role within society.

Analyze and compare the perspectives of Durkheim and Marx on religion.

Develop critical thinking and analytical skills through constructing and answering relevant questions about religious studies.

Explain the significance and functions of religious rituals within social life.

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