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Softa [21]
4 years ago
13

He allowance method of estimating uncollectible accounts receivable based on an analysis of receivables shows that $640 of accou

nts receivable are uncollectible. Allowance for Doubtful Accounts has a debit balance of $110. The adjusting entry at the end of the year will include a credit to Allowance for Doubtful Accounts in the amount of:
(A) $530
(B) $640
(C) $750
(D) $110

Business
1 answer:
dsp734 years ago
4 0

Answer: <u><em>The adjusting entry at the end of the year will include a credit to Allowance for Doubtful Accounts in the amount of:  $750</em></u>

Given:

Accounts receivable = $640

Allowance for Doubtful Accounts = $110

<em><u></u></em>

<em><u>Therefore, the correct option is (c).</u></em>

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Answer: Joint Venture

Explanation:

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7 0
3 years ago
Which of the five competitive forces is influencing a passenger train line, when a new automobile manufacturer causes a reductio
FromTheMoon [43]

Hi thank you for using brainly.com

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4 0
3 years ago
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6 0
3 years ago
On January 2, 2020, Howdy Doody Corporation purchased 15% of Ranger Corporation's common stock for $59,000. Ranger's net income
Zanzabum

Answer:

Total amount to be shown in income statement as income from this investment is $19,125

Explanation:

Item                                                                              Amount

Dividend received by Howdy Doody corporation    $10,125  

($67,500 x 15%)

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3 0
4 years ago
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Answer:

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