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Asmin Company had the following balances on 12/31 prior to any adjusting entries: Accounts Receivable Allowance for Doubtful Accounts Net Credit Sales Revenue $ 100,000
Asmin Company had the following balances on 12/31 prior to any adjusting entries: Accounts Receivable Allowance for Doubtful Accounts Net Credit Sales Revenue $ 100,000 2,500 700,000 Asmin uses the percentage of receivables method for estimating uncollectible accounts, and believes 8% is the appropriate estimate. What amount will go into the adjusting entry for uncollectible accounts? (Round to the nearest whole dollar and do not use dollar signs, commas, etc.) Numeric Response Asmin Company had the following balances on 12/31 prior to any adjusting entries: Accounts Receivable $ 100,000 Allowance for Doubtful Accounts 2,500 Net Credit Sales Revenue 700,000 Asmin uses the percentage of receivables method for estimating uncollectible accounts, and believes 8% is the appropriate estimate. What amount will show as Uncollectible Accounts Expense on the year-end Income Statement? (Round to the nearest whole dollar and do not use dollar signs, commas, etc.) Numeric Response Asmin Company had the following balances on 12/31 prior to any adjusting entries: Accounts Receivable Allowance for Doubtful Accounts Net Credit Sales Revenue $ 100,000 2,500 700,000 Asmin uses the percentage of receivables method for estimating uncoll tible accounts, and believes 8% is the appropriate estimate. What amount will be included for Allowance for Doubtful Accounts in the year-end Balance Sheet? (Round to the nearest whole dollar and do not use dollar signs, commas, etc.) Numeric Response Asmin Company had the following balances on 12/31 prior to any adjusting entries Accounts Receivable $100,000 Allowance for Doubtful Accounts 2,500 Nt Credit Sales Revenue 700,000 Asmin uses the percentage of receivables method for estimating uncollectible accounts, and believes 8% is the appropriate estimate. What amount will be included for Accounts Receivable in the year-end Balance Sheet? (Round to the nearest whole dollar and do not use dollar signs, commas, etc.) Numeric Response Asmin Company had the following balances on 12/31 prior to any adjusting entries: Accounts Receivable Allowance for Doubtful Accounts Nt Credit Sales Revenue $ 100.000 2,500 700,000 Asmin uses the percentage of receivables method for estimating uncollectible accounts, and believes 8% is the appropriate estimate. What is the Net Realizable Value of Accounts Receivable that will be included in the year-end Balance Sheet? (Round to the nearest whole dollar and do not use dollar signs, commas, etc.) Numeric Response
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