Business, 21.12.2019 02:31, gluanete

On december 31, 2018, andy inc has a debit balance of $1500 for the allowance for uncollectible accounts before any year-end adjustments. andy inc. also has the following information for its account receivable and estimated percentages for bad debts for different past due amounts: age group (days past due) accounts receivable estimated percent uncollectible 0-30 $50,000 5% 31-60 $20,000 10% 61-90 $10,000 20% what is the amount of bad debt expense to be reported on andy inc's financial statements for 2018 using the aging method? a. s1.500 b. $8,000 c. $6.500 d. $5,000

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:30, Rocket3138

If temper company, a manufacturer of mattresses, was considering moving its production facilities to china but decided against it because the additional costs of shipping the mattresses back to the u. s. would offset the cost savings associated with moving the production facilities, the increased costs associated with shipping would be an example ofanswers: learning-curve economies. diseconomies of scale. economies of scale. competitive advantages.

Answers: 2

continue

Business, 22.06.2019 08:50, cmflores3245

Suppose that in an economy the structural unemployment rate is 2.2 percent, the natural unemployment rate is 5.3 percent, and the cyclical unemployment rate is 2 percent. the frictional unemployment rate is percent and the actual unemployment rate (in this economy) is percent.

Answers: 2

continue

Business, 22.06.2019 09:00, episodegirl903

You speak to a business owner that is taking in almost $2000 in revenue each month. the owner still says that they are having trouble keeping the doors open. how can that be possible? use the terms of revenue, expenses and profit/loss in your answer

Answers: 3

continue

Business, 22.06.2019 14:30, karleygirl2870

Your own record of all your transactions. a. check register b. account statement

Answers: 1

continue

Do you know the correct answer?

On december 31, 2018, andy inc has a debit balance of $1500 for the allowance for uncollectible acco...