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wel
3 years ago
15

For 2021, Rahal's Auto Parts estimates bad debt expense at 1% of credit sales. The company reported accounts receivable and an a

llowance for uncollectible accounts of $86,500 and $2,100, respectively, at December 31, 2020. During 2021, Rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off. Rahal's final balance in its allowance for uncollectible accounts at December 31, 2021, is:_________
Business
1 answer:
Naddik [55]3 years ago
3 0

Answer:

$80,160.

Explanation:

An account receivable is lawfully enforceable cases for installment, held by a business for the products provided and benefits that clients/customers have requested yet not paid for.

According to Rahal's autos noncollectable accounts and the amount they received in the following year. Rahal's collectible accounts on December 31, 2021, is

86,500 + 404,000 - 408,000 - 2,340

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Qualified Retirement plans must provide a written Investment Policy Statement. Under ERISA interpretations, all of the following
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For a company using target costing, market price minus profit equals target price.
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2 years ago
Use the following information about the current year's operations of a company to calculate cash provided by operations.Net inco
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Answer:

Cash from operations:

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Depreciation Expense                       6,000  

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Increase in Accounts Receivable     (4,000)

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Decrease in Salaries Payable          (2,000)

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Explanation:

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