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on an analysis of receivables shows that $780 of accounts receivables are uncollectible. The Allowance for Doubtful Accounts has a debit balance of SI10. After
on an analysis of receivables shows that $780 of accounts receivables are uncollectible. The Allowance for Doubtful Accounts has a debit balance of SI10. After preparing the adjusting entry at the end of the year, the balance in the Allowance for Doubtful Accounts is a. $110 b. $780 c. $670 d. $890 . Allowance for Doubtful Accounts has a credit balance of $800 at the end of the year (before adjustment and an analysis of accounts in the customers ledger indicates doubtful accounts of $15,000. Which of th following entries records the proper provision for doubtful accounts? a. debit Uncollectible Accounts Expense, $800; credit Allowance for Doubtful Accounts, $800 b. debit Uncollectible Accounts Expense, $14,200; credit Allowance for Doubtful Accounts $14,200 c. debit Allowance for Doubtful Accounts. S800, credit Uncollectible Accounts Expense, $800 d. debit Allowance for Doubtful Accounts, $15,800; credit Uncollectible Accounts Expense, $15,800 7. Allowance for Doubtful Accounts has a debit balance of $500 at the end of the year (before adjustment), and uncollectible accounts expense is estimated at 3% of net sales. If net sales are $600,000, the amount of the adjusting entry to record the provision for doubtful accounts is a. $18,500 b. $17,500 c. $18,000 d. none of the above After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $450,000 and Allowance for Doubtful Accounts has a balance of $25,000. What is the net realizable value of the accounts receivable? a. $25,000 b. $425,000 c. $450,000 d. $455,000 8. 9. Allowance for Doubtful Accounts has a credit balance of $1,100 at the end of the year (before adjustment), and an analysis of customers' accounts indicates doubtful accounts of $12,900. Which of the following entries records the proper provision for doubtful accounts? a. debit Uncollectible Accounts Expense, $14,000; credit Allowance for Doubtful Accounts, b. debit Allowance for Doubtful Accounts, $14,000; credit Uncollectible Accounts Expense, c. debit Allowance for Doubtful Accounts, $11,800; credit Uncollectible Accounts Expense, d. debit Uncollectible Accounts Expense, $11,800, credit Allowance for Doubtful Accounts $14,000 $14,000 $11,800 $11,800
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