Nash's Trading Post, LLC uses the percentage-of-receivables basis to record bad debt expense and concludes that 3% of accounts receivable will become uncollectible. Accounts receivable are $439,700 at the end of the year, and the allowance for doubtful accounts has a credit balance of $3,041. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (b) If the allowance for doubtful accounts had a debit balance of $918 instead of a credit balance of $3,041, prepare the adjusting journal entry for bad debt expense.

Provision = $439700*3% = $13,191

Bad debts expense = $13,191 - $3,041 = $10150

Journal entries

       Particulars                                            Debit        Credit

a)    Bad debts expenses                      $10,150

            Allowance for doubtful accounts                  $10,150

      (To record Bad debt exp )  

b)     Bad debts expenses (13191+918)        $14,109

             Allowance for doubtful accounts                  $14,109

       (To record bad debts expenses)

there are so many examples for that in different areas, like biology experiment carried out in our lab recently.

here's one link :

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi