Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that 4% of credit sales will be uncollectible. On January 1, Allowance for Doubtful Accounts had a credit balance of $3,100. During the year, Abbott wrote off accounts receivable totaling $2,100 and made credit sales of $94,000. There were no sales returns during the year. After the adjusting entry, the December 31 balance in Bad Debt Expense will be

Which actions can you improve your credit score? (multiple can be selected)having a good credit score should be your prime objective as credit companies analyze your creditworthiness before giving you a loan. there are certain guidelines you can follow to ensure you have a good credit score. always pay your mortgage interest on time. if you are a student, make student loan inquiries before taking any loan. if you have multiple credit cards, manage them judiciously. maintain a healthy balance in your bank account.1. always pay your mortgage interest on time.2. if you are a student, make student loan inquiries before taking any loan.3. if you have multiple credit cards, manage them judiciously.4. maintain a healthy balance in your bank account.

When you hire an independent contractor you don't have to pay the contractors what

Which of the following is not an example of one of the four mail advantages of prices on a free market economy