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Arada [10]
1 year 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]1 year 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

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Twenty-six years ago, several small vineyard owners in california joined voluntarily to market their grapes and wine in an attem
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Fill in the blanks to complete the passage regarding the development of illegal markets in response to price ceilings. – are ill
djverab [1.8K]

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3 0
3 years ago
Presented below is information available for Crane Company.
JulsSmile [24]

Answer:

the acid-test ratio is 1.5 times

Explanation:

The computation of the acid-test ratio is as follows:

Acid test Ratio = Quick assets ÷ current liabilities

where,

Quick Assets is

= Cash + short tern investments + Account receivable

= $3,500 + $50,000 + $56,000

= $109,500

And, the current liabilities is $73,000

So, the acid-test ratio is

= $109,500 ÷ $73,000

= 1.5 times

Hence, the acid-test ratio is 1.5 times

3 0
2 years ago
Dave Bowers collects U.S. gold coins. He has a collection of 41 coins. Some are​ $10 coins, and the rest are​ $20 coins. If the
taurus [48]

Answer:

1. Dave has 23 ($10 coins) and 18 ($20) coins.

2. Dave has 18 ($10 coins) and 16 ($20) coins.

Explanation:

1.

Let x be the number of $10 coins.

Then, the number of $20 coins will be 41-x.

The equation for the sum of money can be written as:

590 = 10x + 20 * (41-x)

590 = 10x + 820 - 20x

590 - 820 = -10x

-230 / -10 = x

x = 23

This means that Dave has 23 $10 coins and (41-23 = 18) 18 $20 coins that sum up to a face value of $590.

2.

Using the same priciple,

let x be the number of $10 coins

let 34-x be the number of $20 coins

Sum of money equation:

500 = 10x + 20 * (34-x)

500 = 10x + 680 - 20x

500 - 680 = -10x

-180 / -10 = x

x = 18

So, Dave has 18 $10 coins and (34-18 = 16)  16 $20 coins that add up to a face value of $500.

3 0
3 years ago
Read 2 more answers
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