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Alex
3 years ago
5

An aging of a company's accounts receivables indicates that the estimate of uncollectible receivables totals $7,900. If the Allo

wance for Doubtful Accounts has a $700 credit balance, the adjustment to record the bad debt expense for the period will require a
Business
1 answer:
schepotkina [342]3 years ago
4 0

Answer:

Debit to Bad Debt Expense Account for $7,200

Explanation:

Based on the information given we were told that the company accounts receivable shows the estimate of uncollectible receivables of the amount of $7,900 which means that if the Allowance for Doubtful Accounts has an amount of $700 as a credit balance, the adjustment to record the bad debt expense will be :

Debit to Bad Debt Expense account for the amount $7,200 calculate as :

Uncollectible receivables totals $7,900-Allowance for Doubtful Accounts $700 =$7,200

(7,900 - 700 )

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Answer:

E. It may encourage a sense of entitlement among employees.

Explanation:

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3 years ago
. Fixed costs are costs that remain the same in total dollar amount as the activity base changes. vary with the costs of the act
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Fixed costs are costs that remain the same in total dollar amount as the activity base changes. vary with the costs of the activity. Read below on fixed costs.

<h3>What are fixed costs?</h3>

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Therefore, the answer is option A. vary with the costs of the activity.

learn more about fixed costs: brainly.com/question/3636923

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2 years ago
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Answer:

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3 years ago
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The answer for your problem is a
8 0
3 years ago
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