Business, 24.02.2020 19:43 gildedav001
At the beginning of 20X6, Duggin Corp.'s "Allowance for Uncollectible Accounts" had a credit balance of $15,000.
During 20X6, account receivable balances totaling $20,000 were specifically written-off as being uncollectible.
As a result of the above, which of the following statements is true immediately after these specific write-offs?
a. The "Allowance for Uncollectible Accounts" account has a debit balance of $5,000 which implies that last year's estimate of bad debts was underestimated (too low).
b. The "Allowance for Uncollectible Accounts" account has a credit balance of $35,000 which implies that last year's estimate of bad debts was overestimated (too high).
c. The "Allowance for Uncollectible Accounts" account has a credit balance of $35,000 which implies that last year's estimate of bad debts was underestimated (too low).
d. The "Allowance for Uncollectible Accounts" account has a debit balance of $5,000 which implies that last year's estimate of bad debts was overestimated (too high).
Answers: 3
Business, 22.06.2019 21:20
In a market economy, supply and demand are important because theya. (i) play a critical role in the allocation of the economy's scarce resources.b. (ii) determine how much of each good gets produced.c. (iii) can be used to predict the impact on the economy of various events and policies.d. all of (i), (ii), and (iii) are correct.
Answers: 3
Business, 23.06.2019 02:00
Heyak believed that the economy could be hard to measure because
Answers: 2
Business, 23.06.2019 06:10
The a/p clerk of a company writes the checks for vendors, and the controller signs the checks. the a/p clerk hasdevised a plan to give herself a raise. she creates a new vendor for her friend's business and creates two purchaseorders for random car detailing services for $75 and $70. she writes the checks to pay these new vendors knowing thecontroller will only pay close attention to checks over $100. she delivers the checks to her friend to deposit in his bankaccount, and then he writes her a personal check for the full amount of $145.ceventually, what will be the effect of her actions? what can the company do to prevent this type of behavior? due mondav
Answers: 1
At the beginning of 20X6, Duggin Corp.'s "Allowance for Uncollectible Accounts" had a credit balance...
Social Studies, 04.08.2019 14:30
Social Studies, 04.08.2019 14:30
Mathematics, 04.08.2019 14:30
Mathematics, 04.08.2019 14:30
Biology, 04.08.2019 14:30
Mathematics, 04.08.2019 14:30