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

A trial balance before adjustments included the following: ...

50.1K

Verified Solution

Question

Accounting

A trial balance before adjustments included the following:

Debit Credit
Sales $1620000
Sales returns and allowance $56800
Accounts receivable 174000
Allowance for doubtful accounts 2510

If the estimate of uncollectible accounts is made by taking 4% of gross accounts receivables, the amount of the adjustment is

a) $9470.

b) $4450.

c) $6960.

d) $6860.

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

Now set each derivative equal to zero and solve the system of equations for L...

Statistics
1.2K views

The Transportation Safety Authority (TSA) has developed a new test to detect large amounts of liquid...

Chemistry
1.2K views

The sequence of a polypeptide X is as follows: THCARKEDSGYPEWANVRDECW 1. The Optical Density (O.D.) at 280...

Economics
1.2K views

You are standing street comerA truck belonging to the safety First Trucking (SFTC) carrying radioactive nuclear...

Basic Math
1.2K views

A researcher is interested in determining if the attitude about homosexual marriages is dependent on region....

Biology
1.2K views

The pedigrees are for a rare autosomal trait What is the chance that individual A...

Geometry
1.2K views

5 J a Name the following 3D figures by their most specific names b What...

Algebra
1.2K views

Question 1 13 Which of the following are factors of a 60a 900 1 a...

Accounting
1.2K views

Aleutian Company produces two products: Rings and Dings. They are manufactured...

Accounting
1.2K views

Which of the following does not describe a partnership? A. Owners are typically...

Finance
1.2K views

A pension fund manager is considering three mutual funds. The first is a stock fund,...

Accounting
1.2K views

Exchange Corp. is a company that acts as a facilitator in tax-favored real estate swaps....