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lesya692 [45]
3 years ago
12

The Allowance for Bad Debts account has a debit balance of $ 7 comma 000 before the adjusting entry for bad debts expense. After

analyzing the accounts in the accounts receivable subsidiary​ ledger, the​ company's management estimates that uncollectible accounts will be $ 10 comma 000. What will be the amount of the adjustment in the Allowance for Bad Debts​ account?
Business
1 answer:
IgorC [24]3 years ago
7 0

Answer:

$17,000

Explanation:

The amount of the Allowance for Bad Debts​ account after adjustment is shown below:

= Debit balance of Allowance for Bad Debts account + uncollectible accounts

= $7,000 + $10,000

= $17,000

The journal entry is also shown for better understanding

Bad debt expense A/c Dr  $17,000

  To Allowance for doubtful debts  $17,000

(Being bad debt expense is recorded)

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You are working on a client-driven project. You were told very specific operating guidelines up front, and the client has used t
Juli2301 [7.4K]

Answer:

The correct answer is letter "C": Offer to make the changes to the product and explain to your supervisor what happened.

Explanation:

In front of every problematic situation, a solution must be offered beforehand. If the other party is alleging were are guilty of something, we must review what or role in the situation was to confirm if we did what we were requested to do. Just like in the example, the guidelines we were hired for were met but the client replied stating they were not. In such a case, the whole situation must be explained to the supervisor in charge.

4 0
3 years ago
The fish in the river are consideredrival in consumption andexcludable whereas the fish in the private pond are and . In other w
Paladinen [302]

Answer:

... whereas the fish in the private pond are <u>rival in consumption</u> and excludable.  

... the fish in the river are an example of <u>common resource</u>, and the fish in the private pond are an example of <u>private good.</u>

<em>* the first sentence is wrong, the fish in the river are nonexcludable since anyone can fish on the river, or at least try to.</em>

Explanation:

If a good is rival in consumption, it means that if one person consumes it, it will lower the ability of another person to consume the good.

If a good is excludable, ten it can only be consumed by those that are willing and able to pay for it.

When a good is both nonexcludable and rival in consumption, it s a common resource.

A private good is both rival in consumption and excludable

5 0
3 years ago
All of the following are advantages of having a savings account except
expeople1 [14]

Answer:

Funds held in a savings account are highly liquid

Explanation:

The purpose of a savings account is the assist a customer achieve their saving objectives. A savings account is a secure way of accumulating funds for an intended purpose or keeping money that does not have immediate use.  

Financial institutions that offer savings account limit on withdrawals to help a customer achieve planned saving objective. It means money saved is not accessible at will. Penalties apply should a customer insists on more than the acceptable number of withdrawals.

5 0
3 years ago
Do you think the Slushiest From the movie home is copyrighted by the Back to the future delorian. And doesnt the tesla cybertruc
timofeeve [1]

I don't think it is copyrighted, the two cars look nothing alike. Slushiest is basically it's own thing

7 0
3 years ago
Read 2 more answers
Nataro, Incorporated, has sales of $742,000, costs of $316,000, depreciation expense of $39,000, interest expense of $34,000, an
LenaWriter [7]

Based on the information given the net income is $278,870.

<h3>Net income </h3>

Sales $742,000

Less Costs ($316,000)

Les Depreciation ($39,000)

EBIT $387,000

Less Interest ($34,000)

Taxable Inc. $353,000

Taxes (21%) $74,130

($353000×21%)

Net Income $278,870

($353,000-$74,130)

Inconclusion the net income is $278,870.

Learn more about net income here:brainly.com/question/15530787

3 0
3 years ago
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