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
pentagon [3]
3 years ago
9

Brief Exercise 5-7 Record the adjustment for uncollectible accounts (LO5-3) At the end of the year, Dahir Incorporated’s balance

of Allowance for Uncollectible Accounts is $3,000 (debit) before adjustment. The company estimates future uncollectible accounts to be $15,000. What is the adjustment Dahir would record for Allowance for Uncollectible Accounts? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Business
1 answer:
Arada [10]3 years ago
5 0

Answer:

At the end of period the allowance for uncollectible debts will be: 15000-3000 = $ 12000 because 3000 account receivable is written off.

Explanation:

(Opening) Allowance for uncollectible accounts = 3000 (Dr)

During the year company estimates = $ 15000

Entry : Dr  Bad debts expense   15000

                     Cr Allowance for bad debts     15000

            ( To record uncollectible accounts)

You might be interested in
A leftward shift in the supply curve for a good may be caused by any of the following except A. consumer expectation of an incre
nydimaria [60]

Answer: A. consumer expectation of an increase in their future income.

Explanation:

The supply curve is simply a graph that shows the relationship that is between the price of a particular good and the amount of quantity that is supplied.

A leftward shift in the supply curve for a good simply means that less of that good is supplied. All tye options will cause less of the goods to be supplied except consumer expectation of an increase in their future income.

3 0
3 years ago
Read 2 more answers
Louise has been a child care provider for one year. She works out of her home and cares for five children. She completed a train
Lerok [7]

Answer: D

Explanation:

6 0
3 years ago
Last month unemployment fell to 4 percent, its lowest level in years. The economy is growing rapidly, but consumer prices have r
inysia [295]

Answer:

An increase in taxes.

Explanation:

A rise in the prices is indications that the inflation rate is high.  Policymakers should intervene by introducing contractionary measures that will counter the rising inflation. Fiscal policy measures, such as increasing taxes, reduce inflationary pressures without the risk of causing a recession.

Increase taxes reduces the purchasing power of businesses and individuals, thereby reducing the aggregate demand.  A reduction in aggregated demand lowers production levels, which results in low inflation but increases the unemployment rate.

6 0
3 years ago
While filling out a personal assessment, a student notices that many of her interests involve science and research. Therefore, t
olya-2409 [2.1K]
Technology cluster would be your best bet.
3 0
3 years ago
Read 2 more answers
PLEASE ANSWER THIS QUESTION ASAP
zaharov [31]

Answer:

Read each page and do the quizzes. After you have read through the pages of the website, assess what you learned. Write a 600 word summary in your own words that identifies the main points you learned. Your summary should include at least one question and answer from each quiz. Explain your answers. Use a publishing program to create a safety poster to make workers aware of safety hazards. I do not agree with the link assessmne,t but I would be a stafe 3 on the MyersBriggs scale because odf above

.Explanation:

Yes it fits ultimately.

3 0
3 years ago
Other questions:
  • Easy 25 points!!! Yes or no! Just add a short explanation!
    12·1 answer
  • Global market channels involve a firm producing goods in:______
    11·1 answer
  • Expenses, such as depreciation on buildings are also known as variable expenses. t or f?
    14·1 answer
  • The largest asset class on u.s. commercial banks' balance sheet as of september 30, 2012 was
    15·1 answer
  • If I loan you money for your business, what type of financing am I offering you? a. Equity Capital b. Equity Financing c. Annual
    10·2 answers
  • A machine costs $700,000 and is expected to yield an after-tax net income of $52,000 each year. Management predicts this machine
    13·1 answer
  • What is the Internet?
    15·2 answers
  • For more and more businesses, computing is moving from PCs and desktop machines to tablets and smartphones. Managers are increas
    14·1 answer
  • The fact that most medical care purchases are financed through insurance Group of answer choices has no effect on health care co
    10·1 answer
  • Match each type of insurance with an example of when the insurance
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!