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andreyandreev [35.5K]
3 years ago
15

An aging of a company's accounts receivable indicates that $8500 are estimated to be uncollectible. If Allowance for Doubtful Ac

counts has a $2700 credit balance, the adjustment to record bad debts for the period will require a debit to Allowance for Doubtful Accounts for $5800. debit to Bad Debt Expense for $8500. debit to Bad Debt Expense for $5800. credit to Allowance for Doubtful Accounts for $8500.
Business
1 answer:
Evgesh-ka [11]3 years ago
3 0

Answer:

debit to Bad Debt Expense for $5800

Explanation:

Accounts receivable estimated as uncollectible = $8500

Allowance for Doubtful Accounts = $2700

Additional allowance for Doubtful debts required = $8500 - $2700

                                                                                  = $5800

The adjustment to record bad debts for the period will be

Debit Bad debt expense   $5800

Credit Allowance for Doubtful Accounts  $5800

The right option is debit to Bad Debt Expense for $5800

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Answer:

Stimulus generalization

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3 years ago
john chapelle wants to know if his video store customers are interested in a selection of classic, black and white movies. how c
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3 years ago
Meena Chavan Corp's computer chip production process yields DRAM chips with an average life of 2,000 hours and s = 120 hours. Th
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Explanation:

Given the following ;

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Cp = (2600 - 1700) ÷ (6 × 120)

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B.) Capability ratio of 1.25 demonstrated that it is very capable.

C.) process capability ratio index(Cpk) :

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Mean(X) = 2000

Lower Cpk = (X - LSL) ÷ 3(standard deviation)

Lower Cpk = (2000 - 1700) ÷ (3 × 120)

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Upper Cpk = 600 ÷ 360 = 1.67

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3 years ago
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3 years ago
On January​ 2, 2019, Kaiman Corporation acquired equipment for $ 700,000. The estimated life of the equipment is 5 years or 50,0
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Answer:

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