Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a trial balance before adjustment included the fol

A trial balance before adjustment included the following: Debit Credit Accounts receivable 90,000 Allowance...

90.2K

Verified Solution

Question

Accounting

A trial balance before adjustment included the following:

Debit Credit

Accounts receivable 90,000

Allowance for doubtful accounts 730

Sales 360,000

Sales returns and allowances 8,000

Give the journal entry assuming that the estimate of uncollectibles is determined by taking 5% of gross accounts receivable

Answer & Explanation Solved by verified expert
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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Physical Units Method Alomar Company manufactures four products from a joint production process: barlon, selene, plicene, and...

Accounting
Q

Why can pre-school children not conserve according to Piaget?

Psychology
Q

the following questions are pertaining to an ultrasound. what is the \"illumination\" source (where does the energy...

Physics
Q

8 A thin prism of angle 15 made of glass of mai refractive index 1...

Physics
Q

4 200m s 3 25m s Two S H M s are represented by the...

Physics
Q

For each function in Problems 25 30 find the relative maxima relative minima and horizontal...

Calculus
Q

In Exercises 13-16, assume that we choose primes p q=17, and n = 19. 13....

Accounting
Q

Write formula to check if the money received by company is the same as the...

Accounting
Q

From the leverage ratios you calculated in DuPont analysis, you start to examine the composition...

Accounting
Q

Does interest expense recognized during an accounting cycle affect the balance sheet? If not, briefly...

Accounting
Q

1. Which of the terms below is used to indicate the dollar amount of error...

Accounting
Q

The issue price of a bond whether it is issued at par, premium, or discount...

Accounting