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sineoko [7]
2 years ago
8

Using the allowance method, Bad Debt Expense is recorded _____.

Business
1 answer:
timurjin [86]2 years ago
5 0

Using the allowance method, Bad Debt Expense is recorded when a company writes off its uncollectible receivables.

<h3>When do one use the allowance method as bad debt expense?</h3>

For a person to use the allowance method, one have to record bad debts as a kind of contra asset account.

That is, a type of an account that is said to have a zero or negative balance that is seen on your balance sheet. In this scenario, one would debit the bad debt expense and credit your allowance for bad debts.

Learn more about allowance method from

brainly.com/question/6993526

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Explanation:

The scenario that'll make the labor union accept Richard's suggestion to lower the wages is when many people who work for manufacturing plants live in areas in which the manufacturing plant is the only source of employment.

The reduction in wages by Xanadu Industries wouldn't bring about loss.of workers as the manufacturing plant is the only industry in the area. Another way the company can reduce cost is through the reduction in its raw materials cost. If the employees aren't satisfied due to the reduction in wages, they can look for employment at Utopia Industry.

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On November 1 of year 0, Jaxon borrowed $38,000 from Bucksnort Savings and Loan for use in his business. In December, Jaxon paid
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Answer:

$570

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