Hughes company has a credit balance of $5,000 in its allowance for doubtful accounts before any adjustments are made at the end of the year. based on the review and aging of its accounts receivable at the end of the year, hughes estimates that $60,000 of its receivables are uncollectible. the amount of bad debt expense which should be reported for the year is: a. $5,000.b. $55,000.c. $60,000.d. $65,000.

The leading producer of cell phone backup batteries, jumpstart, has achieved great success because they produce high-quality battery backups that are not too expensive. even so, another company that produces lower-quality batteries at the same price has also achieved some success, but not as much as jumpstart. also, in general, the price of backup batteries has declined because of economies of scale and learning. in addition, jumpstart has added complementary assets, such as a carrying case. considering all of these factors, the backup battery industry is most likely in the introduction stage. growth stage. shakeout stage. maturity stage.

Blue spruce corp. has the following transactions during august of the current year. aug. 1 issues shares of common stock to investors in exchange for $10,170. 4 pays insurance in advance for 3 months, $1,720. 16 receives $710 from clients for services rendered. 27 pays the secretary $740 salary. indicate the basic analysis and the debit-credit analysis.

How many months does the federal budget usually take to prepare