Business, 10.04.2020 20:09, hannahbeccahxo9681
Flyer Company has provided the following information prior to any year-end bad debt adjustment:
Cash sales, $156,000
Credit sales, $456,000
Selling and administrative expenses, $116,000
Sales returns and allowances, $36,000
Gross profit, $496,000
Accounts receivable, $165,000
Sales discounts, $20,000
Allowance for doubtful accounts credit balance, $1,800
Flyer prepares an aging of accounts receivable and the result shows that 4% of accounts receivable is estimated to be uncollectible. How much is bad debt expense?
A. $8,400
B. $4,800
C. $4,728
D. $6,600
Answers: 3
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The following accounts are from last year’s books at s manufacturing: raw materials bal 0 (b) 157,400 (a) 172,500 15,100 work in process bal 0 (f) 523,600 (b) 133,700 (c) 171,400 (e) 218,500 0 finished goods bal 0 (g) 477,000 (f) 523,600 46,600 manufacturing overhead (b) 23,700 (e) 218,500 (c) 27,700 (d) 159,400 7,700 cost of goods sold (g) 477,000 s manufacturing uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. what is the amount of cost of goods manufactured for the year
Answers: 3
Flyer Company has provided the following information prior to any year-end bad debt adjustment:
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