4, 5, 6, 8

Allowance for Doubtful Accounts has a credit balance of $500 at the end of the year (before adjustment) and uncollectible accounts expense is estimated at 3% of net sales. If net sales are $600.000. the amount of the adjusting entry to record the provision for doubtful accounts is $18.500 $17.500 $18.000 none of the above After the accounts are adjusted and closed at the end of the fiscal year. Accounts Receivable has a balance of $460.000 and Allowance for Doubtful Accounts has a balance of $30.000. What is the net realizable value of the accounts receivable? $30.000 $430.000 $460.000 $490.000 Allowance for Doubtful Accounts has a credit balance of $1.200 at the end of the year (before adjustment), and an analysis of customers' accounts indicates doubtful accounts of $13.900 Which of the following entries records the proper provision for doubtful accounts? debit Uncollectible Accounts Expense. $15.100: credit Allowance for Doubtful Accounts, $ 15.100 debit Allowance for Doubtful Accounts. $15.100; credit Uncollectible Accounts Expense, $15, 100 debit Allowance for Doubtful Accounts, $12, 700; credit Uncollectible Accounts Expense, $ 12, 700 debit Uncollectible Accounts Expense, $12, 700; credit Allowance for Doubtful Accounts. $12, 700 What is the type of account and normal balance of Allowance for Doubtful Accounts? Contra asset, credit Asset, debit Asset, credit Contra asset, debit Tanning Company uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $300,000 and credit sales are $ 1.000.000 An aging of accounts receivable shows that 5% will be uncollectible. Whit adjusting entry will Tanning Company make if they Allow acne for Doubtful Accounts has a credit balance of $2.000 before adjustment