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3 years ago

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

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Answer:

Results are below.

Explanation:

Giving the following information:

Each unit of output requires 0.06 direct labor-hours.

The direct labor rate is $8.00 per direct labor-hour.

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<u>Direct labor budget June:</u>

Direct labor hours= 5,300*0.06= 318

Direct labor cost= 318*8= $2,544

<u>Direct labor budget July:</u>

Direct labor hours= 5,800*0.06= 348

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2 years ago

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2 years ago

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valentina_108 [34]

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