Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. can someone explain me this? on january 1, all ci

can someone explain me this? On January 1, All City Services has the following...

60.1K

Verified Solution

Question

Accounting

imagecan someone explain me this?

On January 1, All City Services has the following balances Accounts Receivable $22,000 Bad Debts Expense $0 All City has the following transactions during January: Credit sales of $120,000, collections of credit sales of $84,000, and write-offs of $18,000. All City uses the direct write-off method. The amount of Bad Debts Expense for January is O A. $12,600 O B. $25,714 O C. $22,000 O D. $18,000

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

Basic Math
1.2K views

Explain the advantages and disadvantages of bar charts and pie charts. Include discussion of the type...

Programming
1.2K views

(Implement a doubly linked list) The MyLinkedList class used in Listing 24.5 is a one-way directional...

Accounting
1.2K views

The following information for July and August were extracted from the costing records of Venus CC:                                                      July                                    August Production...

Physics
1.2K views

Four conductors of same resistance connected to form a square If the resistance between diagonally...

Physics
1.2K views

Four identical capacitors are connected in series with a 10 V battery as shown The...

Basic Math
1.2K views

The area of the region bounded by the curves y f x 2x 62 is...

Statistics
1.2K views

The probability distribution for the number of students in Statistics classes offered at a small...

Statistics
1.2K views

Lenign ad L Erie Road E and Ontario Road O The preference table follows to...

Accounting
1.2K views

Scotland Corporation, a calendar year C-corporation, has taxable income of $50,000 in 2019 pays out...

Accounting
1.2K views

ASSIGNMENT-WEEK 4 London Enterprises uses a standard cost system in its widget division. The...

Accounting
1.2K views

Fournier Fixtures produces a variety of manufactured items for the home and building industry. The...

Finance
1.2K views

The common stock of Winners Corp. has just paid a dividend of $2.00 per share....