Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. help hw pls the following information pertains to

help hw pls The following information pertains to ABC, at the end of December:...

80.2K

Verified Solution

Question

Accounting

imagehelp hw pls

The following information pertains to ABC, at the end of December: Credit Sales Accounts Payable Accounts Receivable Allowance for Uncollectible Accounts Cash Sales $20,000 10,000 9, 200 400 credit 20,000 ABC uses the aging method and estimates it will not collect 7% of accounts receivable not yet due, 14% of receivables up to 30 days past due, and 46% of receivables greater than 30 days past due. The accounts receivable balance of $9,200 consists of $5,500 not yet due, $1,900 up to 30 days past due, and $1,800 greater than 30 days past due. What is the appropriate amount of Bad Debt Expense? Multiple Choice $1,079. O a $1,100. $400. O $266

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