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kolezko [41]
2 years ago
14

Under the allowance method for estimating uncollectible accounts, the entry to write off an account:

Business
2 answers:
Effectus [21]2 years ago
7 0

\huge\red{answer}

DEBIT TO ALLOWANCE for Doubtful Accounts and a credit to Accounts Receivable.

===========================================

When a specific customer's account is identified as uncollectible, it is written off against the balance in the allowance for bad debts account.

HOPE IT HELP

STAY SAFE

STUDY HARD

tekilochka [14]2 years ago
3 0

\large\rm\color{Brown}Answer:

Debit to allowance for Doubtful Accounts and a credit to Accounts Receivable.

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Answer:

$87,200

Explanation:

The computation of the total amount of merchandise purchase is shown below:

As we know that

Cost of goods sold = Beginning merchandise inventory + purchase of merchandise - ending merchandise inventory

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3 years ago
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Answer:

$12,053.86

Explanation:

The easiest way to calculate this is using an excel spreadsheet and the future value function. Using the FV function =FV(rate,nper,pmt)

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This function will give us the future value of the annuity =FV(0.25%,36,175) = $6,583.60

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if you do not want to use an excel spreadsheet, you can use the following formula:

F = P x ([1 + r]ⁿ - 1 )/r

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the answer will be the same

3 0
3 years ago
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Answer:

False

Explanation:

Traditionally, department stores sold both soft goods and hard goods. But now, most department stores focus almost exclusively on soft goods.

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Answer:

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bixtya [17]

Answer:

C. Professional Ethics.

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Ethics are moral qualities which governs a persons behavior. A person is sometimes in an ethical dilemma scenario where he has to take decision which might impact his ethical values. Professional ethics is a situation where a person thinks how his decision will be viewed by an independent jury or audience.

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