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erma4kov [3.2K]
3 years ago
15

Stone Furniture Store has credit sales of $400,000 in 2008 and a debit balance of $600 in the Allowance for Doubtful Accounts at

year end. As of December 31, 2008, $130,000 of accounts receivable remain uncollected. The credit manager prepared an aging schedule of accounts receivable and estimates that $3,000 will prove to be uncollectible. On March 4, 2009, the credit manager authorizes a write-off of the $1,000 balance owed by A. Lowell.
Instructions:
(a) Prepare the adjusting entry to record the estimated uncollectible accounts expense in 2008.
(b) Show the balance sheet presentation of accounts receivable on December 31, 2008.
(c) On March 4, before the write-off, assume the balance of Accounts Receivable account is $160,000 and the balance of Allowance for Doubtful Accounts is a credit of $2,000. Make the appropriate entry to record the write-off of the Lowell account. Also show the balance sheet presentation of accounts receivable before and after the write-off.
Business
1 answer:
AlekseyPX3 years ago
3 0

Answer:

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The most likely cause of Natalia's poor performance is the lack of feedback

<h3>What is lack of feedback in communication?</h3>

In communication, the lack of feedback means the situation whereby a sender fails to get an acknowledgement that his/her message was sent.

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2 years ago
Expatriates who are citizens of neither an employer's parent country nor the foreign nation where they are residing and working
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An expatriate who is a citizen of his employer's home country and lives and works in another country is called a _____. citizens of the homeland.

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7 0
1 year ago
Litton Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the b
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Answer:

Overapplied overhead= $7,575

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Predetermined manufacturing overhead rate= 1,250,000 / 40,000

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<u>Now, we can allocate overhead:</u>

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6 0
2 years ago
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Alenkinab [10]

Answer:

D. Qualified for the Position

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The age discrimination in Employment Act in the US was established as a labour law in 1967 and it was established to ensure that anyone who is at least 40 years of age does not suffer from employment discrimination.

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