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1 . Assume Kraft Heinz uses ( 1 ) / ( 2 ) of 1 percent of sales to estimate its Bad debt expense for
Assume Kraft Heinz uses of percent of sales to estimate its Bad debt expense for the year. Prepare the adjusting journal entry required for the year, assuming no Bad debt expense has been recorded yet. If no entry is required for a transactionevent select No journal entry required" in the first account field. Enter your answers in millions rounded to the nearest whole dollar number no need to add the zeros as your numbers are in millions already Assume instead that Kraft Heinz uses the aging of accounts receivable method and estimates that $ million of its Accounts Receivable will be uncollectible. Prepare the adjusting journal entry required at December for recording Bad Debt Expense. If no entry is required for a transactionevent select No journal entry required" in the first account field. Enter your answers in millions no need to add the zeros as your numbers are in millions already. Assume instead that Kraft Heinz uses the aging of accounts receivable method and estimates that $ million of its Accounts Receivable will be uncollectible. Also, assume that the unadjusted balance in Kraft Heinzs Allowance for Doubtful Accounts at December was a debit balance of $ million. Prepare the adjusting journal entry required at December for recording bad debt expense. If no entry is required for a transactionevent select No journal entry required" in the first account field. Enter your answers in millions no need to add the zeros as your numbers are in millions already. If one of Kraft Heinzs main customers declared bankruptcy in what journal entry would be used to write off its $ million balance? If no entry is required for a transactionevent select No journal entry required" in the first account field. Enter your answers in millions no need to add the zeros as your numbers are in millions already.
Assume Kraft Heinz uses of percent of sales to estimate its Bad debt expense for the year. Prepare the adjusting journal entry required for the year, assuming no Bad debt expense has been recorded yet. If no entry is required for a transactionevent select No journal entry required" in the first account field. Enter your answers in millions rounded to the nearest whole dollar number no need to add the zeros as your numbers are in millions already
Assume instead that Kraft Heinz uses the aging of accounts receivable method and estimates that $ million of its Accounts Receivable will be uncollectible. Prepare the adjusting journal entry required at December for recording Bad Debt Expense. If no entry is required for a transactionevent select No journal entry required" in the first account field. Enter your answers in millions no need to add the zeros as your numbers are in millions already.
Assume instead that Kraft Heinz uses the aging of accounts receivable method and estimates that $ million of its Accounts Receivable will be uncollectible. Also, assume that the unadjusted balance in Kraft Heinzs Allowance for Doubtful Accounts at December was a debit balance of $ million. Prepare the adjusting journal entry required at December for recording bad debt expense. If no entry is required for a transactionevent select No journal entry required" in the first account field. Enter your answers in millions no need to add the zeros as your numbers are in millions already.
If one of Kraft Heinzs main customers declared bankruptcy in what journal entry would be used to write off its $ million balance? If no entry is required for a transactionevent select No journal entry required" in the first account field. Enter your answers in millions no need to add the zeros as your numbers are in millions already.
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