Question
27_ the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $12,000. If the balance of the Allowance for Doubtful Accounts is $2,500
27_ the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $12,000. If the balance of the Allowance for Doubtful Accounts is $2,500 credit before adjustment, what is the amount of bad debt expense for that period?
Select one:
a. $6,500
b. $14,500
c. $2,500
d. The answer does not exist
e. $12,000
________________
26_ A $100 petty cash fund has cash of $19 and receipts of $84. The journal entry to replenish the account would include a credit to
Select one:
a. Cash for $91.
b. The answer does not exist
c. Cash for $85.
d. Petty Cash for $85.
e. Cash Over and Short for $6.
_________
Buehler Company on June 15 sells merchandise on account to Chaz Co. for $1,000, terms 2/10, n/30. On June 20, Chaz Co. returns merchandise worth $300 to Buehler Company. On June 24, payment is received from Chaz Co. for the balance due. What is the
amount of cash received?
Select one:
a. $700.
b. $668.
c. None of the above.
d. $680.
e. The answer does not exist
Please i need just answer
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