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prohojiy [21]
3 years ago
8

The Allowance for Bad Debts account had a balance of $7,300 at the beginning of the year and $10,100 at the end of the year. Dur

ing the year (including the year-end adjustment), bad debts expense of $13,400 was recognized. Required: Calculate the total amount of past-due accounts receivable that were written off as uncollectible during the year. (Hint: Make a T-account for the Allowance for Bad Debts account, plug in the amounts that you know, and solve for the missing amount.)
Business
1 answer:
anygoal [31]3 years ago
6 0

Answer:

Allowance for Bad Debts  

Debit -   Credit  

$ 10,600 -    $ 7,300  

         -   $ 13,400  

$ 10,600 -    $ 20,700 = 10,100

Explanation:

Balance at the Begining    

Allowance for Bad Debts   $ 7,300

=========================================    

Bad debt expense  $ 13,400  

Allowance for Bad Debts   $ 13,400

=========================================

Allowance for Bad Debts  $ 10,600  

Accounts Receivable   $ 10,600

=========================================

Balance at the End    

Allowance for Bad Debts   $ 10,100

=========================================

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Answer:

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<em />

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1.2377     (1 + 0.05)

0.9983 * (1.05) = 1 + i.Ad

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4 0
3 years ago
Encouraging buyer feedback and focusing on creating value for the buyer are both key requirements for an effective _____. Group
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Answer:

<u>Sales Dialogue.</u>

Explanation:

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Proceed without a plan (also known as an agenda). Whatever you call it, it’s a map for how your session is going to go.

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