On Jan. 1, 2021 Bears Inc. had Acct Rec $9,000 and an Allow for Uncollectibles...
90.2K
Verified Solution
Link Copied!
Question
Accounting
On Jan. 1, 2021 Bears Inc. had Acct Rec $9,000 and an Allow for Uncollectibles for $1,100. During the year, Bears made credit sales of $100,000, Collected $95,000 on account, wrote of $1,000 of receivables. On Dec. 31 , Bears estimates Uncollectibles as 10% of the gross receivables. How much is Bad Debt Expense for the year
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.