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Andrej [43]
4 years ago
9

A company has net credit sales of $950,000 for the year and it estimates that uncollectible accounts will be 2% of sales. If All

owance for Doubtful Accounts has a credit balance of $2,000 prior to adjustment, its balance after adjustment will be a credit of _______.
a. $17,000.
b. $19,000.
c. $19, 040.
d. $21,000.
Business
1 answer:
Troyanec [42]4 years ago
3 0

Answer:

a. $17,000.

Explanation:

The computation of the balance after adjustment is

= Net credit sales × estimated percentage - credit balance of Allowance for doubtful debts

= $950,000 × 2% - $2,000

= $19,000 - $2,000

= $17,000

We simply applied the above formula so that the adjusted balance could come

Hence, the first option is correct

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meriva

<u>Full question:</u>

A(n) ____ business is one that is primarily based in a single country but that acquires some meaningful share of its resources and/or revenues from other countries.

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<u>Answer:</u>

A(n) international business is one that is primarily based in a single country but that acquires some meaningful share of its resources and/or revenues from other countries.

<u>Explanation:</u>

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3 years ago
What entry would blue make to record the sale of the machine for $30,250 cash?
nirvana33 [79]
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3 years ago
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Answer:

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