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just #22 and #10-11 At the beginning of the year; MB, Inc.'s allowance for uncollectible accounts had a beginning balance of $4,000. On January 22nd,
just #22 and #10-11 At the beginning of the year; MB, Inc.'s allowance for uncollectible accounts had a beginning balance of $4,000. On January 22nd, MB wrote off the A/R from customer C for $400 20. Record the entry for write-off 21. $ By the end of the year (December 31"); total accounts written off were $3,250 (including the write off for customer C). What is the balance in the allowance for uncollectible accounts after all the write-offs? 22. $ How much did bad debt expense change when the company wrote off the accounts receivables? Use the following to answer questions 8 - 11 The following information pertains to the company for the month of November: Credit sales $900,000 Accounts payable 15,000 Accounts receivable 40,000 Allowance for Uncollectible accounts 100 credit Cash sales 250,000 The company uses the percent of receivables method and estimates it will not collect 6% of accounts receivable. 8. $ Determine the ending balance for the Allowance for Uncollectible Accounts 9. $ Determine the appropriate amount to record for Bad Debt expense 10. S Assuming the Allowance for Uncollectible accounts had a $200 debit balance instead, determine the amount to record for Bad Debt expense 11. $ After recording bad debt expense the Net Accounts Receivable is
just #22 and #10-11
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