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horsena [70]
3 years ago
7

Johnson Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is established as a

percentage of credit sales. During the year, net credit sales totaled $600,000, and the estimated bad debt percentage is 2%. The allowance for uncollectible accounts had a credit balance of $5,600 at the beginning of the year and $4,700, after adjusting entries, at the end of the year. What is the amount of accounts receivable written off during the year
Business
1 answer:
Nikitich [7]3 years ago
8 0

Answer:

$12,900

Explanation:

Calculation for the amount of accounts receivable written off during the year

Beginning Balance $5,600

Add Bad debt expense $12,000

(2% x $600,000)

Less End-of-year balance ($4,700)

Accounts receivable written off $12,900

($5,600+$12,000+$4,700)

Therefore the amount of accounts receivable written off during the year will be $12,900

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Answer and explanation:

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A) <em>Sales salaries </em>(Period Costs)

B) <em>Paper used for the magazine </em>(Product Cost)

C) <em>Maintenance on printing machines </em>(Product Cost)

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What is the difference between a recession and a depression?
denpristay [2]

Answer:

A is the answer.

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3 years ago
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The registration fee for a used car is 0.8% of the sale price, which is $5,700.How much is the fee? *
insens350 [35]

Answer:

The registration fee for this used car is $45.60.

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3 years ago
The process by which managers decide how to divide into specific jobs the tasks that have to be performed to provide customers w
Ray Of Light [21]

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Any place where, or any mechanism by which, buyers and sellers interact to trade goods, services, or resources is a market.

A market is a place where parties can easily gather to facilitate the exchange of goods and services. The parties which are involved in the market  are usually buyers and sellers.

The market can be in the form of physical structure like a retail outlet, where people meet with each other  face-to-face, or it can be in the virtual form like an online market in which  there is no direct physical contact  happens between buyers and sellers.

Markets generally establish the prices of goods and services which are determined by supply and demand.

To know more about the market here:

brainly.com/question/17284274

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