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hjlf
3 years ago
11

On december 31, 2015, cool wear inc. had balances in accounts receivable and allowance for uncollectible accounts of $41,000 and

$2,050, respectively. during 2019, coolwear write off $750 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $6,000 at december 31, 2019. bad debt expense for 2019 would be:
Business
1 answer:
Wewaii [24]3 years ago
6 0

$6,000.00 - ($2,050.00 - $750.00) =

$6,000.00 - $1,300.00 = $4,700.00

Bad debt expense for 2019 would be: $4,700.00

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Answer:

$420,000

Explanation:

Given the above information,

Dividend

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Therefore, the balance in Madison's equity method investments - Jay Corporation accounts as of December 31 should be $420,000

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3 years ago
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Answer:

loss of $ 1,400,000.00

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loss of $ 1,400,000.00

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False

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