Calculate the current balance on your checking account if the previous balance was $129.32. You wrote checks for $59.73 and $32.
2 answers:
Answer:
The current balance will be $ 790. 87
Explanation:
Let the opening balance be $ 129.32
Two withdrawals were made: $ 59.73 and $ 32.95. The total sum of these two withdrawals was
The reminder after withdrawal will be $ 129.32 - $ 92.68 = $ 36. 64
At a later stage, a deposit of $ 754.23 was made. The new balance will be;
balance = $ 754.23 + $ 36.64
= $ 790. 87
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Answer:
d. $1050.
Explanation:
We multiply each account balance by the expected uncollectible amount and then addd them to get the expected total for doutful accounts
Balance of the allowance account: 100
The expense will be the adjustment made on the allowance to get the expected balance of 1,150
1,150 - 100 = 1,050
we increase the allowance bu 1,050 to get our expected uncollectible fro maccounts receivable agaisnt the bad debt expense ofthe period.