Question
9. Using the percentageminusofminussales method, the estimated total uncollectible accounts are $6,922. The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of
9. Using the percentageminusofminussales method, the estimated total uncollectible accounts are $6,922. The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $ 3,135. The Accounts Receivable balance is $ 44,820. The amount of the adjusting entry for UncollectibleminusAccounts Expense is: A.$6,922. B.$3,787. C.$10,057. D.$3,135. 10. The following item appeared on a balance sheet: Accounts Receivable, less allowance of $ 86,196 ......$ 1,436,600 The gross balance in Accounts Receivable before the allowance was deducted was: A.$1,522,796. B.$1,436,600. C.$1,350,404. D. none of the above
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started