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pls help 1. 2. Accounts receivable has a balance of $1,050,000 and the allowance for doubtful accounts has a balance of $7,400 at fiscal year-end
pls help 1.
Accounts receivable has a balance of $1,050,000 and the allowance for doubtful accounts has a balance of $7,400 at fiscal year-end prior to adjustment if the estimate of uncollectible accounts determined by aging the receivables is $18.500, the amount of bad debt expense is Select one: O$17,500 Ob $24.900 $11,100 O d $7,400 A firm that uses the allowance method of recording credit losses wrote off the $900 account of Beta Company in November, in January, Beta paid the $900. What is the effect of the re instatement and the payment on total assets? Select one a. Total assets would increase by $900 Ob The net effect on total assets is zero O Total assets would increase $1,800 d. Total assets would decrease $900 O O e. None of the above 2.
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