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
Slav-nsk [51]
3 years ago
14

At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $309,000 and $600 (credit) in Allowance for U

ncollectible Accounts. An analysis of Amy Jo's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 5% of accounts receivable. Bad debt expense for the year should be:
Business
1 answer:
MissTica3 years ago
5 0

Answer:

Bad debt expense  $ 14.850

Explanation:

Initial Balance    

Accounts Receivable  $ 309.000  

Allowance for Uncollectible Accounts  $ 600  

Should be 5% of the Accounts Receivables    

Allowance for Uncollectible Accounts  $ 15.450

We must calculate the difference between the actual balance and the must be balance.

Adjustment entry

Bad debt expense  $ 14.850  

Allowance for Uncollectible Accounts  $ 14.850

END Balance    

Accounts Receivable  $ 309.000  

Allowance for Uncollectible Accounts  $ 15.450  

You might be interested in
You own a house near the beach. Your Home Owners insurance has an annual premium of $1,250. However,since you live only 112 feet
vampirchik [111]

Answer:

1,437.50

Explanation:

6 0
3 years ago
Beamish Inc., which produces a single product, has provided the following data for its most recent month of operations: Number o
gladu [14]

Answer:

$303

Explanation:

The computation of the absorption costing unit product cost is shown below:

= Direct materials per unit + Direct labor per unit + variable manufacturing overhead  per unit + Fixed manufacturing overhead per unit

= $149 + $112 + $7 + $35

= $303

Working note:

The Fixed manufacturing overhead per unit is measured below:

= Fixed manufacturing overhead ÷ Number of units produced

= $301,000 ÷ $8,600 units

= $35

6 0
3 years ago
(d) Which type of wholesalers operate on a self-service basis where other traders pick, pay and transport goods on their own​
geniusboy [140]

Answer:

i dont know how is it huh090889

5 0
2 years ago
Falar sobre os recursos não renovaveis
katovenus [111]
<span>A non renewable resorce is a  </span>resource<span> of economic value that cannot be readily replaced by natural means on a level equal to its consumption. Most fossil fuels, such as oil, natural gas and coal are considered </span>nonrenewable resources<span> in that their use is not sustainable because their formation takes billions of years.so this would be ur answer to the non renewable resource

</span>
6 0
3 years ago
In order to prevent discrimination against applicants of protected classes, your colleague decides to note the protected class c
Lelechka [254]

It is not a good idea to note the protected class characteristic of the applicants on their applications in order to prevent discrimination against applicants of protected classes because noting the protected class characteristic of the applicant on the application could be interpreted as discriminatory.

3 0
3 years ago
Other questions:
  • At the end of the day, the cash register's record shows $1,278, but the count of cash in the cash register is $1,259. The correc
    6·1 answer
  • A manager is trying to see how business has been going. She wants to know if there is a need for any type of change in how they
    12·2 answers
  • Price floors and price supports set a minimum price below which a good or service cannot be sold. Minimum wage laws and agricult
    11·1 answer
  • Walking through the grocery store, Ramon sees a "buy 2, get 1 free" deal on laundry detergent. Even though he currently has plen
    13·1 answer
  • If a bond is currently trading at its face​ (par) value, then it must be the case​ that: A. the​ bond's yield to maturity is equ
    7·1 answer
  • Which of the following industries is most likely to exhibit the characteristic of free entry? a. nuclear power b. municipal wate
    5·1 answer
  • Over the first four years of the company's life, the company earned the following net income (loss): S $3,000; $6,000, and ($2,0
    13·1 answer
  • Uber is considering adding a service to their current offering. Instead of picking up people and taking them to their destinatio
    14·1 answer
  • Is gender pay gap logical ? If so, kindly explain. <br> Thanks.
    8·1 answer
  • 1. Read the following data regarding payroll deductions, and answer the questions that follow:
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!