On the balance sheet after adjusting entries are made, the amount shown for the allowance for doubtful accounts is equal to the total estimated uncollectible accounts as the end of the year. A doubtful account is a reduction of the total amount of acounts receivable appearing on a company's balance sheet and are listed as a deduction immediately below accounts receivable line item.
Im going to say Grow in value or produce income
A credit card is money the bank lets you borrow A debit card is money you already have
Answer:
c. $15,065
Explanation:
In bank reconciliation the book balance is adjusted using some adjustments made by the the bank and still pending by the business. We make an adjusted balance of cash book balance and bank statement balance to reconcile the amounts.
Cash balance per book 6/30 $13,000
+ Note receivable $4,000
- Bank charges $35
- NSF check <u>$1,900 </u>
Adjusted Cash book balance <u>$15,065</u>
Note receivable is received in the bank but not been recorded by the business. It will be added to the balance because it will increase the balance.
Bank charges are deducted by the bank but not been recorded by the business it will be deducted.
NSF check have already added by the balance but its not been cleared. So it needs to be deducted form the Book balance.