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Uncollectible accounts are determined by the percentage of sales method to be 2% of credit sales. How much is the bad debt expense for 2013?
Uncollectible accounts are determined by the percentage of sales method to be 2% of credit sales. How much is the bad debt expense for 2013? Question (5 Points) Use the following information to answer Questions 9 through 13. Neal Company had the following information relating to credit sales in 2013: $9,500 Accounts receivable December 31, 2013 Allowance for uncollectible accounts December 31, 2013 (before adjustment) Credit sales during 2013 Cash sales during 2013 Collections from customers on account during 2013 900 46,000 15,000 49,500 a) $920 b) $2.000 5750 d) $20 o CP ) d) $20 Using the percentage-of-sales method, what is the adjusted balance in the Allowance account at year-end 2013? (5 Points) Use the following information to answer Questions 9 through 13. Neal Company had the following information relating to credit sales in 2013: $9.500 Accounts receivable December 31, 2013 Allowance for uncollectible accounts December 31, 2013 (before adjustment) Credit sales during 2013 Cash sales during 2013 Collections from customers on account during 2013 900 46,000 15.000 49,500 a $900 b) 5920 $1,500 .$1620 If uncollectible accounts are determined by the aging of receivables method to be $1,350, the bad debt expense for 2013 would be 15 Points) Use the following information to answer Questions 9 through 13. deal.comcam.bad the following information relating to condities in 2012 earch R F G H J a $1.00 if uncollectible accounts are determined by the aging-of-receivables method to be $1,350, the bad debt expense for 2013 would be 15 Points) Use the following information to answer Questions 9 through 13. Neal Company had the following information relating to credit sales in 2013: $ 9,500 Accounts receivable December 31, 2013 Allowance for uncollectible accounts December 31, 2013 (before adjustment) Credit sales during 2013 Cash sales during 2013 Collections from customers on account during 2013 900 46,000 15,000 49,500 5450 b) 5900
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