At december 31, amy jo's appliances had account balances in accounts receivable of $311,000 and in allowance for uncollectible accounts of $970 (credit) before any adjustments. an analysis of amy jo's december 31 accounts receivable suggests that the allowance for uncollectible accounts should be 2% of accounts receivable. bad debt expense for the year should be: a. $9,820. b. $9,681. c. $9,300. d. $8,780.

$5,250

Explanation:

data provided :

Account balance in account receivable = $311,000

Allowance for Uncollectible Accounts = $970 (credit)

allowance for uncollectible accounts = 2% of accounts receivable

Now,

⇒ Bad debt expenses = 2% of accounts receivable - $970

or

⇒ Bad debt expenses = 0.02 × $311,000 - $970

or

⇒ Bad debt expenses = $6,220 - $970

or

⇒ Bad debt expenses = $5,250

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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