Gpb company uses an allowance method to account for bad debts. company estimates that 5% of the outstanding accounts receivable will be uncollectible. at the end of the year, accounts receivable has a balance of $750,000, and allowance for uncollectible accounts has a debit balance of $9,000. company should record uncollectible accounts expense as:

Company should record uncollectible accounts expense as: $46,500

Explanation:

At the end of the year:

Estimated Uncollectible = 5% x $750,000 = $37,500

Before adjusting, Allowance for Uncollectible Accounts has a debit balance of $9,000 and GPB Company uses an allowance method to account for bad debts. Therefore, Company should record:

Uncollectible accounts expense = Estimated Uncollectible + $9,000 = $37,500 + $9,000 = $46,500

The entry:

Debit Uncollectible accounts expense $46,500

Credit Allowance for Uncollectible Accounts $46,500

its high unemployment figures

i just had a test with that question

x=3

step-by-step explanation:

this is really simple i saw that there was only one term (5x) and thought if that was 15 what would i have to multiply everything else to get it there? well if 5x became 15 then x would have to be 3 so plug the 3 in the x for the other equations and you get 15 for the other ones. so there you go. : )