A. 2,000 b. 9,000 c. 11,000 d. 7,000 The following information pertains to ABC...
50.1K
Verified Solution
Link Copied!
Question
Accounting
A. 2,000 b. 9,000 c. 11,000 d. 7,000
The following information pertains to ABC Co.'s accounts receivable at December 31, 2006. Amount Estimated % Uncollectable Days Outstanding 0-60 $120,000 1% 61-120 90,000 2% Over 120 100,000 6% ABC Co's December 31, 2005, allowance for doubtful accounts was a credit balance of $2,000. Under th aging method, what amount of allowance for doubtful accounts should ABC Co. report at December 31, 2006
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.