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Keith_Richards [23]
3 years ago
11

At the start of the year, Winston Company’s Allowance for Doubtful Accounts had a credit balance of $14,000. During the year, it

had credit sales of $1,500,000. It also wrote-off $60,000 of uncollectible accounts receivable during the year. Past experience indicates that the allowance should be 3% of the balance in receivables. If the accounts receivable balance at December 31 was $300,000, what is the required adjustment to the Allowance for Doubtful Accounts that is needed at year-end?
Business
1 answer:
ANTONII [103]3 years ago
6 0
According to this account that is needed at year end
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c. High Performance

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The buyer of a futures contract A. assumes the short position. B. may not sell the contract without the permission of the origin
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Answer:

D

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3 years ago
The following information is provided for Slickers, Inc. for year 2016: • Preferred stock, 5%, $20 par value, 1,500 shares issue
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Answer:

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3 0
3 years ago
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