subject
Business, 18.11.2019 19:31 luiscer5819

Acompany uses the percent of sales method to determine its bad debts expense. at the end of the current year, the company's unadjusted trial balance reported the following selected amounts: accounts receivable $ 354,000 debit allowance for uncollectible accounts 610 debit net sales 799,000 credit all sales are made on credit. based on past experience, the company estimates 0.3% of net credit sales to be uncollectible. what adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 08:50
Comprehensive illustrative problem: mira's store on february 1 20a4 mica delaman opened astore that sells school supplies her main customer are the students and teachers of happy students school that is situated in front of her store. mira wanted to know the financial position of mira's store. mira knew you were studying accounting. so she asked for . 1. to start her business mira's opened a checking account in the name of mira's store . the statement of account from the bank shows that the checking account has a balance of 31,535 of december 31,20a4
Answers: 2
question
Business, 22.06.2019 22:00
What legislation increased the ability for federal authorities to tap telephones and wireless devices, tightened the enforcement of money laundering activities, as well as broadened powers toward acts of terrorism and acts such as drug trafficking?
Answers: 2
question
Business, 22.06.2019 22:20
Mattress wholesalers, inc. is constantly trying to reduce inventory in its supply chain. last year, cogs was $7.47 million and inventory was $1.47 million. this year, cogs is $8.65 million and inventory investment is $1.64 million.a) what was its weeks of supply last ) what is its weeks of supply this ) is mattress wholesalers making progress in its inventory reduction effort? since the number of weeks that cover the supply has mattress wholesalers is making in its inventory reduction effort.
Answers: 3
question
Business, 22.06.2019 23:00
The quinoa seed is in high demand in wealthier countries such as the u.s. and japan. approximately 97% of all quinoa production comes from small farmers in bolivia and peru who farm at high elevations—8,000 feet or higher. the seed is considered highly nutritious. mostly grown and harvested in bolivia and peru, and sold to markets in other countries, the seed is now considered an important for these nations. the governments of bolivia and peru are hopeful that this product will increase the quality of life of their farmers.
Answers: 3
You know the right answer?
Acompany uses the percent of sales method to determine its bad debts expense. at the end of the curr...
Questions
question
Mathematics, 04.11.2020 19:20
question
Mathematics, 04.11.2020 19:20
question
Chemistry, 04.11.2020 19:20
question
Mathematics, 04.11.2020 19:20
question
Mathematics, 04.11.2020 19:20
question
Mathematics, 04.11.2020 19:20
Questions on the website: 13722363