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yarga [219]
3 years ago
15

at the end of the year dahir incorporated's balance of allowance for uncollectible accounts is $2700 (credit) before adjustment.

the company estimates future uncollectible accounts to be $13500. what adjustment would dahir record for allowance for uncollectible accounts?
Business
1 answer:
notsponge [240]3 years ago
7 0

Answer:

Given that,

Credit balance of allowance for uncollectible accounts = $2,700

Future uncollectible = $13,500

We need to deduct the credit balance from the amount of future uncollectible.

Bad debt expense:

= Future uncollectible - Credit balance of allowance for uncollectible accounts

= $13,500 - $2,700

= $10,800

Therefore, the journal entry is as follows:

Bad debt expense A/c Dr. $10,800

       To allowance for doubtful debts $10,800

(To record the allowance for uncollectible accounts)

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Answer:

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However, if that situation persists over a longer period of time, it will become a structural change and will cause a change of the structure of the work force, and a decline of the agricultural sector.

Without any further indication, I would go with cyclical.

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Revocation can be considered as a process  of cancelling any decision or a promise officially. This is act that makes something that exists previously to be null or void. For instance someone has accepted to sell his property to someone and now he has the rights top revoke or cancel that declaration officially.

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