Question
D Question 36 Table On December 31, Gruten Company bas Phe following account balances Accounts receivable $330,000 Alowance for dout accounts 4,500 Net credit sales
D Question 36 Table On December 31, Gruten Company bas Phe following account balances Accounts receivable $330,000 Alowance for dout accounts 4,500 Net credit sales 1,500,000 3.33 pts Assume again that Grubbs estimates that 10% of Accounts receivable will be uncollectible. Under the percentage of receivables method balance sheet method the balance in allowance for doubtful accounts afer adjustment would be $33,000 $37.500 $28.500 $32.500 D Question 37 3.33 pts Accounts receivable has a debit balance of $5.000. and the allowance for uncollectibie accounts has a oedt balance of $440. A specite account of $160 is written off What is the amount of net receivables after the write off 054720 0 $4,400 $4560 $5.000
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