In the year of 2020, Hugo have 300k on credit sales and 800k on cash,...
90.2K
Verified Solution
Link Copied!
Question
Accounting
In the year of 2020, Hugo have 300k on credit sales and 800k on cash, besides that in the write offs amount not collect in 2020 but in 2021 which is write offs recoveries of 6k and write offs is 5k. So, in the end of 2020 what is the bad debt will record, if Hugo uses the double declining method for depreciation?
Account tiltle
Credit
Debit
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!