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Wittaler [7]
3 years ago
7

Great Landscapes Company estimates its doubtful accounts by aging its accounts receivable and applying percentages to various ag

ed categories of accounts. The Great Landscapes Company computes a total of $3,600 in estimated doubtful accounts as of December 31, 2019. Its Accounts Receivable account has a balance of $112,800 and its Allowance for Doubtful Accounts has a credit balance of $600 before adjustment at December 31, 2019. How much bad debts expense will Great Landscapes report in 2019
Business
1 answer:
ANEK [815]3 years ago
7 0

Answer:

$3,000

Explanation:

Calculation to determine How much bad debts expense will Great Landscapes report in 2019

Using this formula

2019 bad debts expense =Estimated doubtful accounts-Allowance for Doubtful Accounts has a credit balance

Let plug in the formula

Bad debts expense=$3,600-$600

Bad debts expense=$3,000

Therefore The Amount of bad debts expense that Great Landscapes will report in 2019 is $3,000

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3 years ago
What was the stated purpose of the Food Administration during the Great War? A. It was to set up food banks for Americans B. It
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Answer: The stated purpose of the food administration during the great war was to reduce food consumption by civilians (B)

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Determine which of the following bags of chips of comparable quality has the lowest per-unit cost and, thus, is the best buy.A.
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Answer:

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