1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Arada [10]
2 years ago
15

he Allowance for Doubtful Accounts T-account will have the ______ on the credit side. Multiple choice question. sales on account

estimated bad debts from the adjusting entry write-offs of specific customers sales discounts and allowances
Business
1 answer:
lukranit [14]2 years ago
8 0

The Allowance for Doubtful Accounts T-account will have the write-offs of specific customers sales discounts and allowances on the credit side.

<h3>What is Doubtful Accounts?</h3>

It lowers the value of an asset—in this case, the accounts receivable—the allowance for dubious accounts is referred to as a "contra asset."

The allowance, also known as a bad debt reserve, is management's projection of the amount of accounts receivable that customers will not pay.

Thus, option B is correct.

For more details about Doubtful Accounts, click here:

brainly.com/question/14301375

#SPJ1

You might be interested in
The expense recognition (matching) principle, as applied to bad debts, requires: Multiple Choice That bad debts not be written o
Charra [1.4K]

Answer:

The use of the allowance method of accounting for bad debts.

Explanation:

We use the allowance method to match the expected ad debt with the sales or account receivables which generates.

As sales of a givne month can be declared uncollectible after several month using a direct method we are putting the burden of the uncollectible in another accounting period while leaving the one which did that sale untouched.

The allowance makesthe expense in the same time period thus, it follows the recognition principle.

5 0
3 years ago
Read 2 more answers
Nora is deciding whether to purchase brand-name sneakers or a less expensive store brand. She has purchased other shoes with the
Pani-rosa [81]

Answer:

The correct answer is C. greater perceived value.

Explanation:

Considering Nora's previous experience, it can be determined that her purchase decision is not oriented to the brand, but to the perception of value over other variables. In this scenario, it is most likely that Nora chooses to decide on the second option, since surely having no preferences she wants to experience the experience of enjoying new sneakers with different variables than the one she initially acquired.

 

6 0
3 years ago
Suppose Cook Plus manufactures cast iron skillets. One model is a​ 10-inch skillet that sells for $ 22. Cook Plus projects sales
amid [387]

Answer:

Production budget = 835

Explanation:

<em>T</em><em>he production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories.  </em>

Production = Sales budget + closing inventory - opening inventory

Inventory at the end of July = 40%×650= 260

Opening inventory = 75

Sales budget = 650

Production budget = 650+ 260  - 75= 835

Production budget = 835

3 0
3 years ago
According to smith, what does capitalism allow individuals to do that no other economic system allows
tiny-mole [99]
Smith states that capitalism allows individuals to prosper,<span> capitalism allows for such things as division of labor and the specialization that comes with it, this increases the productive efficiency of a nation which in turn increases its wealth and standing in the rest of the world.

</span>
5 0
3 years ago
The purpose of the news media is to do which of the following?
wolverine [178]

<u>Answer:</u>

<em>The purpose of the news media is to </em><u><em>provide information </em></u>

<em></em>

<u>Explanation:</u>

The news media gives target information that enables individuals to use sound decisions. The motivation behind news media is to offer projects and administrations that illuminate, teach, instruct, and enhance general society and help educate everyday talk fundamental to American culture. It is CPB's specific duty to empower the advancement of substance that includes innovative hazard, and that tends to the requirements of unserved and underserved spectators, particularly youngsters and minorities. CPB goes about as a watchman of the essential purposes for which open telecom was set up.

7 0
3 years ago
Other questions:
  • As brett prepares to open his new business, he has identified the tasks that need to be accomplished and has assigned employees
    12·1 answer
  • What is a corporation?
    7·2 answers
  • A company manufactures three​ products, A,​ B, and C from a single raw material input. Product C can be sold at the split off po
    8·1 answer
  • BRAINLIEST
    6·1 answer
  • The idea that "the invisible hand" of competition sets prices and determines quantities produced in a market economy was the pri
    10·1 answer
  • Suppose the production of a particular good causes a negative externality. Based on market forces​ only, how will this impact th
    9·1 answer
  • Explain how money encourages specialization, and how specialization improves everyone's standard of living.
    8·1 answer
  • Trompenaars found that a(n) _____ organizational culture is common in countries such as Turkey, Pakistan, Venezuela, China, Hong
    14·1 answer
  • A __________ is a group of customers who love their brand so much that they like to connect with other customers who think like
    15·1 answer
  • Gary, Peter, and Chris own a firm as partners. Gary has a capital balance ofâ $22,000; Peter a capital balance ofâ $42,000; and
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!