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Greeley [361]
3 years ago
8

Tutor uses the balance sheet approach in estimating uncollectible accounts expense, and aging the accounts receivable indicates

the estimated uncollectible portion to be $8,600. What is the amount of uncollectible accounts expense recognized in Tutor's income statement for March?
A.$8,600
B.$6,800
C.$10,400
D.$1,800
Business
1 answer:
Lorico [155]3 years ago
5 0

Answer:

A.$8,600

Explanation:

The journal entry to record the bad debt expense is shown below:

Bad debt expense A/c Dr  $8,600

 To Allowance for doubtful debts $8,600

(Being bad debt expense is recorded)

Since the bad debt expense is an expense so the same is recorded in the debit side of the balance sheet while the estimated uncollectible portion reduces the account receivable balance so we credited it

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Marilyn take a good decision.

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What would be the best action for someone who is spending more than she is earning?
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One year ago, you bought shares of Aaon, Inc at $36.48 a share. You received a dividend of $1.62 per share last month and sold t
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Answer: 12.88%

Explanation:

The following information can.be inferred from the question:

Purchase price of share = $36.48

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3 years ago
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If the contract is beneficial for Pix, then they will want to ratify it. Unless Sky is aware that Able was not authorized to sign contracts on behalf of Pix, they probably wouldn't even tell them about what really happened. Although, Pix will want to know all material facts relating to the contract at the time it is ratified in order to verify if it is really good for them.

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