Answer:
Explanation:
The journal entry to record the bad debt expense is shown below:
Bad debt expense A/c Dr $2,700
To Allowance for doubtful debts $2,700
(Being bad debt expense is recorded)
The computation of the bad debt expense is shown below:
= (Accounts receivable × estimated percentage given ) - (credit balance of Allowance for Doubtful Accounts)
= ($420,000 × 1%) - ($1,500)
= $4,200- $1,500
= $2,700
Which of the following terms is a general description for a group of crimes?
A) Robbery
B) Larceny
C) Burglary
<u>D) Theft</u>
Medical school, and internship and residency program
