Business, 14.11.2019 22:31 Alreef8468

Sunland company provides for bad debt expense at the rate of 2% of accounts receivable. the following data are available for 2018:

allowance for doubtful accounts, 1/1/18 (cr.) $ 13100
accounts written off as uncollectible during 2018 9600
ending accounts receivable 1198000

the allowance for doubtful accounts balance at december 31, 2018, should be

2- crane company purchased equipment and these costs were incurred:

cash price $65400
sales taxes 4100
insurance during transit 660
installation and testing 830
total costs
$70990

crane will record the acquisition cost of the equipment as

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Sunland company provides for bad debt expense at the rate of 2% of accounts receivable. the followin...

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