Business
Business, 26.10.2021 02:10, deniseelyons15

At the end of 2015, Murray State Lenders had a balance in its Allowance for Uncollectible Accounts of $4,500 (debit) before any adjustment. The company estimated its future uncollectible accounts to be $12,000 using the percentage-of-receivables method. Murray State's adjustment on December 31, 2015, to record its estimated uncollectible accounts included a:. A. Credit to Allowance for Uncollectible Accounts of $12,000.
B. Debit to Bad Debt Expense of $16,500; credit to Allowance for Uncollectible Accounts of $16,500.
C. Credit to Allowance for Uncollectible Accounts of $7,500.
D. Debit to Bad Debt Expense of $7,500; credit to Allowance for Uncollectible Accounts of $7,500.

answer
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 22:00, KHaire6856
The following table gives the map coordinates and the shipping loads for a set of cities that we wish to connect through a central hub.,(7,(4,(7,(6,(2,( 2,) for the location of the proposed new central hub, the coordinates should be near: x==) if the shipments from city a double, for the location of the proposed new central hub, the coordinates should be near: x==.926.865.017.21
Answers: 1
image
Business, 23.06.2019 00:00, Lkirjnnfcxd5039
Asap! the following information is given for tripp company which uses the indirect method.
Answers: 1
image
Business, 23.06.2019 14:30, bjdlesain
The following data is provided for garcon company and pepper company. garcon company pepper company beginning finished goods inventory $12,600 $16,900 beginning work in process inventory 17,600 21,600 beginning raw materials inventory 7,700 10,650 rental cost on factory equipment 28,500 23,050 direct labor 23,000 39,800 ending finished goods inventory 18,500 14,100 ending work in process inventory 26,500 19,800 ending raw materials inventory 6,800 7,600 factory utilities 12,300 17,750 factory supplies used 13,000 4,400 general and administrative expenses 31,000 59,500 indirect labor 2,450 9,580 repairs—factory equipment 6,860 3,700 raw materials purchases 37,000 66,000 selling expenses 51,200 48,700 sales 238,530 337,510 cash 29,000 17,200 factory equipment, net 217,500 118,825 accounts receivable, net 16,800 24,200 compute the total prime costs for both garcon company and pepper company.
Answers: 1
image
Business, 23.06.2019 18:00, maymuu4life
What makes business writing different from fictional writing?
Answers: 1
Do you know the correct answer?
At the end of 2015, Murray State Lenders had a balance in its Allowance for Uncollectible Accounts o...

Questions in other subjects: