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LekaFEV [45]
3 years ago
12

On December 31 of the current year, Jerome Company has an accounts receivable balance of $329,000 before any year-end adjustment

s. The Allowance for Doubtful Accounts has a $1,100 credit balance. The company prepares the following aging schedule for accounts receivable:
Total Balance

1-30 days

31-60 days

61-90 days

over 90 days

$329,000

$160,000

$90,000

$51,000

$28,000

Percent uncollectible

1%

2%

3%

20%

What is the Allowance for Uncollectible Accounts at December 31 of the current year after adjustments?

A) $1,100

B) $9,430

C) $10,530

D) $11,630
Business
1 answer:
lina2011 [118]3 years ago
4 0

Answer:

Option C is correct answer.

Explanation:

Allowance for Uncollectible Accounts at December 31 = 160000 x 1% + 90000 x 2% + 51000 x 3% + 28000 x 20%

= $10,530

Option C is correct answer.

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Answer:

Correct option is D

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Answer:

Cheap

Explanation:

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Imagine that you are a pecan farmer in Georgia. If the same trends hold true for nut production as maple syrup production, where
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You be looking to relocate your business to Delaware

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8 0
3 years ago
yle Co. has $1.1 million of debt, $3 million of preferred stock, and $1.2 million of common equity. What would be its weight on
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Answer:

0.22

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Calculation for the weight on common equity

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3 0
3 years ago
A store that advertises a buy-one-get-one-free sale is
zepelin [54]

Answer:

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6 0
3 years ago
Read 2 more answers
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