The obvious advantage of an adjustable-rate mortgage is that they carry lower interest rates during the fixed period of the loan. ... By the end of the 5-year fixed period, the borrower will have made a much larger dent in their balance than the borrower who uses a 30-year fixed mortgage.
Those who do not have access to the internet can't take the survey. The data is also less secure.
Answer:
debit to Bad Debt Expense for $14590.
Explanation:
The computation is shown below:
= Uncollectible estimated balance - credit balance of the allowance for doubtful debts
= $15,800 - $1,210
= $14,590
The same should be debited to the bad debt expense
Hence, the last option is correct
A would be your best answer. Hope I helped!
recognizing problem and trying to address it