what dimension of the business use of cloud systems focus on the benefits of rapid deployment, on-demand provisioning, and disas
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Answer:
$210,000
Explanation:
With the provided information we have,
August budgeted sales = 8,000 units
Growth every month = 5% increase in units
Sales for September = 8,000 + (8,000 5%)
= 8,000 + 400 units = 8,400 units
Selling price = $25 for each unit
Therefore, expected sales total for the month of September = 8,400 $25 = $210,000
Based on the information give the estimated balance of the allowance for doubtful accounts is $25,650.
a. Estimated allowance for doubtful accounts
Estimated allowance for doubtful accounts =$570,000×4.5%
Estimated allowance for doubtful accounts =$25,650
b. Adjusting journal entry
Dec 31
Debit Bad debt expense $13,650
($25,650-$12,000)
Credit Allowance for doubtful accounts $13,650
(To record bad debts expense)
c. Adjusting journal entry
Dec 31
Debit Bad debt expense $26,650
($25,650+$1,000)
Credit Allowance for doubtful accounts $26,650
(To record bad debts expense )
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