If it’s free then I don’t think they need to determine the price bc it’s free
Answer:
A
Explanation:
Lower class can not usually afford store like this. Hence why they are called lower class
Answer:
Potato Company
Balance in Allowance for Doubtful Accounts is $575 (Credit).
Explanation:
We can use a T-account for the Allowance for Doubtful Accounts to determine the balance:
Allowance for Doubtful Accounts
a. Accounts Receivable $668 Beginning Balance $494
Ending Balance <u>$575</u> b. Bad Debt Expense <u>$749</u>
<u>$1,243</u> <u>$1,243</u>
Ending Balance $575
The allowance for doubtful accounts is a contra account to the Accounts Receivable account. Its purpose to provide some estimation of the uncollectibles as a way of managing the credit risk involved in trade sales.
1. American institute of architects
2. American medical association
3. Screen actors guild
4. American society of mechanical engineers
you are very welcome!