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Use the following da uestions At the end of December, the unadjusted trial balance of Stan Inc., included the following accounts: Credit $150,000 Debit Sales
Use the following da uestions At the end of December, the unadjusted trial balance of Stan Inc., included the following accounts: Credit $150,000 Debit Sales (80% represent credit sales) Accounts Receivable Allowance for Doubtful Accounts S110,000 880 . What is the amount of Bad Debts Refer to the above data, Stan ages the accounts expense recognized in Stan's income statement for December? a. $3,680 b. $1,920 c. $2,240 d. $2,800 e. None of the above 29. receivable and determines the estimated uncollectible portion to be $2,800 the accounts receivable and determines the estimated uncollectible portion to be S2,800. After the adjusting entry is made, the net realizable value of Stan's accounts receivable in the December 31 balance sheet is a. $107,200 b. $106,320 c. $108,080 d. $109,120 e. None of the above Refer to the above data. Stan estimates bad debts expense to be 2% of credit sales what is the amount of Bad Debts expense recognized in Stan's income statement for December? a. $1,520 b. $2,200 c. $3,000 d. $2,400 e. None of the above 31 Refer to the above data. Stan estimates bad debts expense to be 2% of credit sales. After the a receivable in the December 31 balance sheet is: a. $106,720 b. $117,600 c. $108,480 d. $107,600 e. None of the above 32. usting entry is made, the n t realizable value of Stan's accounts
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