Determine the Amount to Be Added to Allowance for Doubtful

question 43

Short Answer

Determine the amount to be added to Allowance for Doubtful Accounts in each of the following cases:
(a) Balance of $3,000 in the allowance account just prior to adjustment. Analysis of accounts receivable indicates doubtful accounts of $25,000.
(b) Balance of $500 in the allowance account just prior to adjustment. Uncollectibles are estimated at 2% of sales, which totaled $800,000 for the year.

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Definitions:

Compulsory Heterosexuality

The concept or belief that heterosexuality is assumed and enforced by societal norms as the only natural and normal mode of sexual orientation.

Heterosexual Matrix

A concept theorizing the social norms that enforce heterosexuality as natural and dictate gender binarism.

Epistemology of the Closet

The theory or study concerning the ways in which the framework of the closet (the concealment of sexual identity) informs, structures, and limits both sexual identities and theoretical discourses.

Homosexual Panic

A defensive reaction or behavior stemming from a person's fear or anxiety over potential or perceived homosexual desires or encounters.