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Answer:
The correct answer would be option B, Summary Judgement.
Explanation:
A summary judgement is a ruling passed by the courts that no trial is necessary because there are no essential facts in dispute. The purpose of trial is to determine the facts other the case; that is, to decide who did what to whom, why, when and with what consequences. So if there is no essential evidence or facts about the dispute, the court has the right to stop the trial and either dismiss the case or orders to provide the evidence all over again if any.
Answer:
- What is the amount of bad debt expense?
Bad debt expense $ 90
Explanation:
The initial account balance was
Accounts Receivable $ 10,000
Allowance for Uncollectible Accounts $ 100
The aging of accounts receivable method indicates that the Allowance for Uncollectible Accounts must have a $190 balance.
Acc. Rec Allow.
$ 9,000 $ 90 1% 1-30 days
$ 1,000 $ 100 10% more than 30 days
$ 10,000 $ 190
The journal entry adjustment add up to the balance of Allowance for Uncollectible Accounts to complete the $190 indicated by the aging of accounts receivable method.
Bad debt expense $ 90
Allowance for Uncollectible Accounts $ 90
- So the final balance of accounts are:
Final Balance
Accounts Receivable $ 10,000
Allowance for Uncollectible Accounts $ 190
