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11.Erickson Company had a $300 credit balance in Allowance for Doubtful Accounts a December 31, 2014, before the current year's provision for uncollectible accouts An
11.Erickson Company had a $300 credit balance in Allowance for Doubtful Accounts a December 31, 2014, before the current year's provision for uncollectible accouts An aging of the accounts receivable revealed the following Estimated Percentage Current Accounts 1-30 days past due 31-60 days past due 61-90 days past due Over 90 days past due Total Accounts Receivable $170,000 15,000 12,000 5,000 6% 15% 30% S211.000 bud ad cbd estiensy wl Erickson Company make on December 31, 2014 to recognine What a. Bad Debt Expense b. Bad Debt Expense c. Bad Debt Expense d. Bad Debt Expense Allowance for Doubtful Accounts Allowance for Doubtful Accounts Accounts Receivable Accounts Receivable 6320 6320 6,020 6.020 6.320 6.320 6,320 6,020 6,020 12. A credit sale of $1,900 is made on April 25, terms 2/10, neu/30, on which a return of $100 is granted on April 28. What amount is received as payment in full on May 4? a. $1,764 b. $1,862 C. $1,900 d $1,800 Which one of the following is not an objective of a system of internal control a. Safeguard company assets. b. Overstate liabilities in order to be conservative. c. Enhance the accuracy and reliability of accounting records. d. Reduce the risks of errors. 3
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