Answer:
The ending balance in the Allowance for Bad Debts is 20,500 CREDIT
Explanation:
The ending balance of Allowance for bad debts would be the 2.5% of sales
The adjustment is made to get the allowance for Bad Debt match the estimate uncollectible ammounts.
Notice it state <em>"company adjusted for bad debt expense"</em>
This means<u> it debit this account as much as it needed to be</u> to make allowance match the estimate allowance.
The write-off are transaction durign the period. They are irrelevant
So the ending balance is:
<em>2.5% of credit sales of 820,000 = $20,500</em>
It is important to remember that <u>Allowance is a counter-asset account</u>. His <em>normal balance is credit</em>, so the<u> final balance is credit.</u>
Answer:
D. organizational
Explanation:
You must focus on both your personal life and profession. Just got the question right on apex.
500 rounded to the nearest tenth is 500 because there is nothing to round
The number of shares that a corporation's incorporation document allows it to sell is referred to as authorized shares.
<h3>What is a Corporation?</h3>
This refers to a business entity that has a group of members who acts together for a set goal.
Hence, we can see that when it comes to the selling of stocks by the corporation, there is a limit of shares to sell and this is known as authorized shares.
Read more about stocks here:
brainly.com/question/25572872
