1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Arlecino [84]
3 years ago
12

At the end of the current year, using the aging of receivable method, management estimated that $18,000 of the accounts receivab

le balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $450. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense
Business
1 answer:
guapka [62]3 years ago
5 0

Answer:

Dr Bad Debt Expense $18,450

Cr Allowance for Doubtful Accounts

$18,450

Explanation:

Preparation of the appropiate adjusting journal entry that the company should make at the end of the current year to record its estimated bad debts expense

Dr Bad Debt Expense $18,450

Cr Allowance for Doubtful Accounts

$18,450

($18,000+Debit balance$450)

(Being to record estimated bad debts expense)

You might be interested in
abbie is an unmarried individual who earned a gross income of $74827 last year. she make $3839.31 in ira contributions, donated
musickatia [10]
42,750 = gross income standard deduction reduces your taxable income - 5700.00 exemption acts like a tax deduction, reducing taxable income - 3650.00 IRA contributions are tax deductible - 537.56 donating to charity is tax deductible - 918 mortgage interest payments are tax deductible - 1351.35 income NOT taxable - 5700 + 3650 + 537.56 + 918 + 1351.35 = 12,156.91. 42,750.00 - 12,156.91 = 30,593.09 <---taxable income I think I did this correctly, but just in case, you might want to get a second opinion :)
8 0
3 years ago
4.
pshichka [43]

the answer to this question is 4.70%

7 0
3 years ago
Orlando, the manager of a camera store, believes that his store may be closed by corporate in the near future, so he cannot slee
olya-2409 [2.1K]

Orlando is experiencing panic.

He is panicking because of his anxiety that is caused by his beliefs that the place that he works might be closed soon. When an individual is experiencing chronic anxiety it can manifests in irrational behaviors or affecting the mind in a way that made it difficult for the individual to function effectively in his or her daily life, which we can see is happening with Orlando as described in the question.

3 0
3 years ago
When demand shocks lead to recessions, it is mainly due to unexpected changes in the:________.
Alexeev081 [22]

Answer:

When demand shocks lead to recessions, it is mainly due to unexpected changes in the:

the inability of government policy to affect demand.

Explanation:

Government has every right to make policies that would strictly affect price, if this is not done and there is inflation of price it would lead to recession.

8 0
3 years ago
Read 2 more answers
What are taxes???????????
sladkih [1.3K]
Taxes are the money that the government give you to the last of the years for you work all the years
7 0
3 years ago
Read 2 more answers
Other questions:
  • When someone comes to your web site through an ad campaign, leaves the site, and then comes back later by another link or search
    7·1 answer
  • Which of the following indicates that the functional currency of a foreign subsidiary is the US dollar? Group of answer choices
    11·1 answer
  • Beranek Corp has $720,000 of assets (which equal total invested capital), and it uses no debt—it is financed only with common eq
    9·1 answer
  • Small organizations with fewer resources will need to separate RAs, but larger and better equipped organizations have streamline
    11·1 answer
  • The matching principle:
    9·1 answer
  • Anton needs to identify the eight different scoring statistics for all the players on his school’s basketball team. Which graphi
    8·2 answers
  • On June 1, $40,000 of treasury bonds were purchased between interest dates. The broker commission was $600. The bonds pay intere
    8·1 answer
  • On October 1, Eder Fabrication borrowed $84 million and issued a nine-month, 15% promissory note. Interest was payable at maturi
    11·1 answer
  • State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash fl
    5·1 answer
  • What is the name given to the development of a new good?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!