FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the percentage-of-sales method, the esimatedtotal uncllecitdle balance of $2.935. The Accounts Receivable balance is $44,420. The amount of the adjusting entry for Uncollectible -Accounts

image text in transcribed
Using the percentage-of-sales method, the esimatedtotal uncllecitdle balance of $2.935. The Accounts Receivable balance is $44,420. The amount of the adjusting entry for Uncollectible -Accounts Expense is accounts are $6,622. The Allowance for Uncollectible Accounts prior to adjustment has a debit OA. $9.557 OB. S2935 OC. $6,622 O D. $3,687

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Principles

Auditing Principles

Authors: Nformi Eugene Tawe

1st Edition

ISBN: 3330651032, 978-3330651036

More Books

Students also viewed these Accounting questions

Question

★★★★★
The following information is available for Kinney plc at December 31, 2019, regarding its investments. Instructions a. Prepare the adjusting entry (if any) for 2019, assuming the investments are...

Answered: 1 week ago

Question

★★★★★
Use Newtons method to find each root to the nearest thousandth. 3 9

Answered: 1 week ago

Question

★★★★★
4.3. Be familiar with the research literature on the efficacy and effectiveness of psychotherapy for children.

Answered: 1 week ago

Question

★★★★★
The center of gravity G of a 3.5-lb unbalanced tracking wheel is located at a distance r = 0.9 in. from its geometric center B. The radius of the wheel is R = 3 in. and its centroidal radius of...

Answered: 1 week ago

Question

★★★★★
Difference between TIG &MIG welding.i am not satisfy give downvote

Answered: 1 week ago

Question

★★★★★
Owen's Electronics has nine operating plants in seven southwestern states. Sales for last year were $100 million, and the balance sheet at year-end is similar in percentage of sales to that of...

Answered: 1 week ago

Question

★★★★★
3. The normal melting point of CaTiSiO5 is 1,400C and the heat of fusion at the normal melting point is 123,700 J mol-. Calculate the heat of fusion at 1,300C. Cp, solid CaTiSiO5 = 177.4 +23.2 10- TJ...

Answered: 1 week ago

Question

★★★★★
LAND DESCRIBED AS FOLLOWS Schains 21LINKS Achains 21 Links N 40 30' E 4 chains 25 LINKS 3 chains H 49 30' W. OLD 5 chains N 40 30' E FARM ROAD 1. Determine the area of the enclosed property in square...

Answered: 1 week ago

Question

★★★★★
Problem 2-8 Corporate Taxes (LG2-3) 640 Everybody's Fitness's 2021 income statement is reported below (in millions of dollars) (Use corporate tax rate of 21 percent for your calculations.)...

Answered: 1 week ago

Question

★★★★★
Marilyn Terrill is the senior auditor for the audit of Uden Supply Company for the year ended December 31, 20X4. In planning the audit, Marilyn is attempting to develop expectations for planning...

Answered: 1 week ago

Question

★★★★★
Calculate the cash flow for each of the given cases. a. Cash paid for advertising: Advertising expense $62,000 Prepaid advertising, January 1 13,000 Prepaid advertising, December 31 15,000 Cash Flow...

Answered: 1 week ago

Question

★★★★★
Compose the six common types of social business messages.

Answered: 1 week ago

Question

★★★★★
Describe positive and neutral messages.

Answered: 1 week ago

Question

★★★★★
Explain the reasons to choose the indirect plan or the direct plan for negative messages.

Answered: 1 week ago

Previous QuestionNext Question