1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vikentia [17]
3 years ago
10

The Allowance for Bad Debts account has a credit balance of $ 3 comma 000$3,000 before the adjusting entry for bad debts expense

. The​ company's management estimates that 44​% of net credit sales will be uncollectible for the year 2019. Net credit sales for the year amounted to $ 290 comma 000$290,000. What is the amount of Bad Debts Expense reported on the income statement for​ 2019?
Business
1 answer:
Triss [41]3 years ago
8 0

Answer:

The bad debt expense which should be recorded in the income statement for the year 2019, amounts to $127,600

Explanation:

The bad debt expense which should be recorded in the income statement for the year 2019 is computed as:

= Net Credit Sales × Uncollectible credit sales for the year 2019

where

Net Credit Sales is $290,000

Uncollectible credit sales for the year 2019 is 44%

Putting the values in the above formula:

= $290,000 × 44%

= $127,600

You might be interested in
n rural areas electrical power is often sold by ____________ that take advantage of the government's policy to sell them electri
Dmitriy789 [7]

Answer:

Cooperatives

Explanation:

Cooperatives are people-centered enterprises owned, controlled, and run by and for their members to realize their common economic, social, and cultural needs and aspirations.

4 0
2 years ago
What is journal entry is goods return to sanjay​
liq [111]
Two Types of Goods Return:

Purchases Return or Return outward.
Sales Return or Return inward.
Purchases Return Goods

For Examples :

Purchases goods from Mrs. Kuheli Rs. 2000
5 0
2 years ago
A brand community refers to the:
Nina [5.8K]

Answer:

The correct answer to the following question will be Option D.

Explanation:

  • A community or culture under which customers meet & connect who shares a collection of social relationships based on use or involvement in such a commodity, termed as a Brand community.
  • It offers corporations the chance to communicate more often with their customers, particularly true with either the presence of social networking sites.

The other three choices are not related to this type of community. So that Option D is the right answer.

4 0
3 years ago
According to the U.S. Department of Labor Statistics, _____ is the industry earning the highest average annual wage in 2009.
Alchen [17]

Answer:

B. federal government

4 0
3 years ago
Read 2 more answers
Identify two possible reasons for unemployment​
Vladimir79 [104]

Answer:

Frictional unemployment. This is unemployment caused by the time people take to move between jobs, e.g. graduates or people changing jobs. ...

Structural unemployment

Explanation:

3 0
2 years ago
Read 2 more answers
Other questions:
  • When a tax is placed on the sellers of a product, buyers pay _ and sellers receive _ than they did before the tax?
    14·1 answer
  • Drum buffers are:_________
    5·1 answer
  • Which is a major goal of the wto in promoting free trade?
    12·1 answer
  • Which of these individuals is classified as unemployed? ( pick more then 1 )
    11·2 answers
  • Which of the following terms best describes the cumulative value of net income or loss not taken out of the business?
    10·1 answer
  • Will name brainleist and give 5 points and friend
    11·2 answers
  • On September 1 of the current year, Mr. Z, a cash-basis, calendar-year, self-employed mechanic, borrowed $10,000 at 10% for 5 ye
    12·1 answer
  • Pronghorn Corporation shipped $20,800 of merchandise on consignment to Gooch Company. Pronghorn paid freight costs of $2,200. Go
    6·1 answer
  • ?Pick an age 10 or so years in the future — and write a letter to yourself as if you are a friend or mentor.
    8·1 answer
  • The study of principles that govern the efficient spatial allocation of economic resources and the resulting consequences is ref
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!