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
Dmitriy789 [7]
3 years ago
13

An aging of a company's accounts receivable indicates the estimate of uncollectible receivables totals $4,937.

Business
1 answer:
Kobotan [32]3 years ago
5 0

Answer:

c. debit to Bad Debt Expense for $3,687.

Explanation:

The journal entry to record the bad debt expense is shown below:

Bad debt expense A/c Dr  $3,687

             To Allowance for doubtful debts $3,687

(Being bad debt expense is recorded)  

The computation is shown below:

= Estimation of the uncollectible receivable - credit balance in allowance for doubtful debts

= $4,937 - $1,250

= $3,687

You might be interested in
On January 1, 2021, Gundy Enterprises purchases an office building for $151,000, paying $41,000 down and borrowing the remaining
Nataly_w [17]

Answer:Gundy Enterprise journal $

Date

Jan 31 2021

Income statementl Dr 641.67

Mortage Interest. Cr. 641.67

Recognition of interest payable on mortgage loan for December 2021

Jan 31 2021

Mortgage principal Dr 635.52

Mortgage interest Dr. 641.67

Bank Cr. 1277.19

Narration.payment of principal and interest Interest due on mortgage loan as at January 31 2021.

Explanation:

The monthly installment payments of $1277.19 consist of both the principal sum and accompanying monthly interest.

The interest needs to be first recognized as an expenses into the income statement and increase in the mortgage loan. This will prevent an over deduction on the mortgage loan.

4 0
3 years ago
Describe at least three design decisions you could make to create a clear, effective presentation
olga_2 [115]
Spacing, color, and contrast <span />
4 0
3 years ago
Read 2 more answers
What is a project managers biggest responsibility
Y_Kistochka [10]
<span>The project manager's role in a nutshell, is the overall responsibility for the successful planning, execution, monitoring, control and closure of a project.</span>
6 0
3 years ago
Read 2 more answers
When a company discontinues an operation and disposes of the discontinued operation (component), the transaction should be inclu
Ne4ueva [31]

Answer:

1. an amount after continuing operations.

Explanation:

In preparing the income statement the transactions resulting into gain or loss from the discontinued operations are always reported in income statement.

For this there is special heading that is

Amount after continuing operations

This basically reflects the gain or loss from the sale of such segment.

This provides for reporting all the transactions as part of business but in an highlighted manner.

4 0
3 years ago
Suppose a country without any international trade opens its borders to international trade. after specialization how will its lo
Zanzabum
<span>Opening up to international trade would lead a country to increasing its production and specialization of goods. For example, if a country opens international trade and some factories are making a household appliance, the instructions would need to be in the trade countries languages as well as the native language. The number of household appliances made would need to be increased to meet the growing need.</span>
3 0
3 years ago
Other questions:
  • Sue Gastineau borrowed $17,000 from Regions Bank at a rate of 5.5% to open her lingerie shop. The date of the loan was March 5.
    15·1 answer
  • 64 divide 8 equals blank what dose blank represesent
    10·2 answers
  • The demand for apples in the U.S. is Qus = 800 - 20P, and Foreign Demand for apples is Qf = 1200 - 40P, where quantity demanded
    11·1 answer
  • Yield to maturity (YTM) is the rate of return expected from a bond held until its maturity date. However, the YTM equals the exp
    14·1 answer
  • Following are the accounts and balances from the adjusted trial balance of stark company
    7·1 answer
  • A small private college situated in a rural geographic setting, a research lab at a bio-tech company and an attorney could all b
    14·1 answer
  • Suppose Jose splits his spending across scones and coffees. Due to droughts in coffee-producing regions, the price of coffee dou
    13·1 answer
  • Which of the following statements about personal selling is​ correct?
    8·1 answer
  • Which is true about people working in a market economy who have labor skills that are in demand?
    9·1 answer
  • A loan to a company or government that pays investors a fixed rate of truth over a specific timeframe is known as:
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!