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Atlas Inc. paid employees $65,200 cash during the month of April. Atlas's wages payable liability had an opening balance of $21,800 on April 1 and
Atlas Inc. paid employees $65,200 cash during the month of April. Atlas's wages payable liability had an opening balance of $21,800 on April 1 and an ending balance of $18,700 on April 30. How much wage expense did Atlas recognize during Aprii? QUESTION 2 Sales on account for the month are $900,000. The month-end accounts receivable balance is $192,000. The allowance for uncollectible accounts is calculated as 5% of the receivables balance. If the Allowance for Doubtful Accounts has a credit balance of $2,000 before adjustment, how much bad debt expense must the company recognize? $ 43,000 O $7,600 O $ 9,600 O $ 45,000
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