Answer:
Bad debt expense (w/o allowance) = $2,875
Bad debt expense ( with allowance) = $2,675.
Explanation:
According to the scenario, the given data are as follows:
Net credit sales = $115,000
Uncollectible percentage = 2.5%
So, we can calculate the bad debt expense without Allowance for doubtful accounts by using following method:
Bad debt expense ( W/o allowance) = $115,000 × 2.5%
= $2,875
After Allowance for doubtful expense
Bad debt expense = $2,875 - $200
= $2,675
Answer:
C
Explanation:
Helps you gain control of your finances and helps you achieve goals
The financial document that Philippa has already prepared is the cost of goods manufactured schedule.
<h3>What is a financial document?</h3>
It should be noted that a financial document simply means a document that's necessary in an organization to carry out transactions.
In this case, since Philippa is getting ready to start preparing the income statement for General Graders, the financial document that Philippa has already prepared is the cost of goods manufactured schedule.
Learn more about financial documents on:
brainly.com/question/2806276
Answer:
analogous
Explanation:
both green and yellow are a part of analogous
