Information for the Hooper Company Is as Follows (1) What Is the Amount of Uncollectible Account Expense for

question 52

Essay

Information for the Hooper Company is as follows:
$\begin{array}{|l|r|}\hline \text { Accounts Receivable at March 31, 2009 } & \$ 9,000 \\\hline \text { Allowance for Doubtful Accounts (Credit balance) } & \$ 2,000 \\\hline \text { Net Sales ( } 85 \% \text { on credit) for year ending 12/31/09 } & \$ 100,000\\\hline\end{array}$
(1) What is the amount of uncollectible account expense for 2009 if the company uses the Percentage of Sales method and 2% of credit sales are deemed uncollectible?
(2) What is the amount of uncollectible expense if the company uses the balance sheet approach and estimates $2,200 as uncollectible in 2009?
(3) What is the net realizable value of accounts receivable if the company uses the balance sheet approach?
(4) If the company writes-off a receivable of $450 what will be the net realizable value of accounts receivable after the write off?

Distinguish between subjective and objective cases in pronoun usage.

Apply knowledge of pronoun cases to analyze and correct sentences.

Recognize the role of pronouns in clarifying sentence meaning.

Analyze sentence structure to determine the correct pronoun case.

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Definitions:

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The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

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Chemical Defense

A strategy used by some organisms to produce chemical substances for protection against predators, pathogens, or competition.