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QUESTION 21 Use the following data for the next 4 questions. At the end of January, the unadjusted trial balance of Aston, Inc., included the
QUESTION 21 Use the following data for the next 4 questions. At the end of January, the unadjusted trial balance of Aston, Inc., included the following accounts: DEBIT CREDIT Accounts Receivable Sales (80% represent credit sales) Accounts Receivable $150,000 $110.000 Allowance for Doubtful Accounts Refer to the above data. Aston ages the accounts receivable and determines the estimated uncollectible portion to be $2,800. What is the amount of Bad Debts expense recognized In Aston's Income statement for January? O A $3.680 O B. $2,240 oc $2,800 O $1.920 QUESTION 22 Use the following data for the next 4 questions At the end of January, the unadjusted trial balance of Aston, Inc., included the following accounts: Accounts Receivable DEBIT CREDIT Sales (80% represent credit sales) Accounts Receivable Allowance for Doubtful Accounts Refer to the above data. Aston ages the accounts receivable and determines the estimated uncollectible portion to be $2,800. After the adjusting entry le made, the net realizable value of Aston's accounts receivable in the January 31 balance sheet la: O A S106320 OBS107.200 oc $109.120 O D. $108,080 QUESTION 23 Use the following data for the next 4 questions. At the end of January, the unadjusted trial balance of Acton, Inc., included the following accounts: Accounts Receivable DEBIT CREDIT Sales (80% represent orect sales) Accounts Receivable $110,000 Allowance for Doubtful Accounts Refer to the above data. Aston estimates bad debts expense to be 29 of credit Bales. What is the amount of Bad Debte expense recognized In Aston's Income statement for January? O A. $3.280 a $2.200 oc $2,400 OD $1,520 QUESTION 24 Use the following data for the next 4 questions At the end of January, the unadjusted trial balance of Acton, Inc., Included the following accounts: Accounts Receivable DEBIT CREDIT Sales (80% represent credit sales) Allowance for Doubtful Accounts Refer to the above data. Aston estimates bad debts expense to be 25 of credit Bales. After the adjusting entry la made, the net realizable value of Aston's accounts receivable in the January 31 balance sheet le: O A $106.720 OBS117,600 oc $107,600 OD S108.480
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