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kolezko [41]
3 years ago
15

Shannon Corp. uses the aging method to account for bad debt expense. Shannon determines that a customer account of $10,000 shoul

d be written off as uncollectible. The write off of the account will include
Business
1 answer:
lozanna [386]3 years ago
6 0

Answer:

The write off of the account should include a debit to the allowance for uncollectible accounts, and a credit for bad debt expense:

Account                                             Debit              Credit

Bad Debt Expense                                                  $10,000

Allowance for Uncollectible

Accounts                                          $10,000

This is because under the aging method, when an account is actually written-off, it must be charged against the bad debt expense that was forecasted or anticipated earlier.

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Answer:

b. set in when the fifth worker is hired

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Marginal

2 do 4 hours

3 do 6 houses (marginal 6 - 4 =    2)

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3 years ago
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Answer:

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