Multiple choice

Using the percentage of net sales method, uncollectible accounts expense for the year is estimated to be $27,000. If the balance of the Allowance For Unco llectible Account is $6,000Creditbefore adjustment, what will the balance be after adjustment? a. S6,000 . $21,000 c. s27,000 d. $33,000 e. none of the above The balance of Accounts Receivable, net of the Allowance for Uncollectible Account is $27,800 before the write-off of a $1,400 accoun balance, net of the Allowance For Uncollectible Account after the write-of? t. What is the Account Receivable a. $26,400 b. $27,800 c. $25,000 mpossible to tell A note dated March 20and due in 90 days would be due on a. June 18 b. June 19 c. June 20 d. June 21 As a result of AGING the accounts receivable at the end of the period it is estimated th $6,800 of the receivables will prove uncollectible. Prior to the adjusting entry the allowance" account had Debit balance of $2,800. The proper adjusting entry is: a. Debit expense and credit allowance $9,600 b. Debit expense and credit accounts receivable $4,000 c. Debit expense and credit allowance $6,800 d. Debit expense and credit accounts receivable $6,800 e. Debit expense and credit allowance $4,000 Using the percentage of net sales method, uncollectible accounts expense for the year is estimated to be $27,000. If the balance of the Allowance For Unco llectible Account is $6,000Creditbefore adjustment, what will the balance be after adjustment? a. S6,000 . $21,000 c. s27,000 d. $33,000 e. none of the above The balance of Accounts Receivable, net of the Allowance for Uncollectible Account is $27,800 before the write-off of a $1,400 accoun balance, net of the Allowance For Uncollectible Account after the write-of? t. What is the Account Receivable a. $26,400 b. $27,800 c. $25,000 mpossible to tell A note dated March 20and due in 90 days would be due on a. June 18 b. June 19 c. June 20 d. June 21 As a result of AGING the accounts receivable at the end of the period it is estimated th $6,800 of the receivables will prove uncollectible. Prior to the adjusting entry the allowance" account had Debit balance of $2,800. The proper adjusting entry is: a. Debit expense and credit allowance $9,600 b. Debit expense and credit accounts receivable $4,000 c. Debit expense and credit allowance $6,800 d. Debit expense and credit accounts receivable $6,800 e. Debit expense and credit allowance $4,000