A company ages its accounts receivables to determine its end of period adjustment for bad debts. at the end of the current year, management estimated that $39,375 of the accounts receivable balance would be uncollectible. prior to any year-end adjustments, the allowance for doubtful accounts had a credit balance of $3,285. what adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A company ages its accounts receivables to determine its end of period adjustment for bad debts. at the end of the current year, management ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
All of the following items are similar to each other except one. Which item is least like the others?
Answers (1)
What is the definition of investing
Answers (1)
What do economists mean when they state that a good is scarce? a. There is a shortage or insufficient supply of the good at the existing price. b. It is impossible to expand the availability of the good beyond the current amount. c.
Answers (1)
The accounts receivable turnover rate: A) Indicates the proportion of a company's accounts receivable that the independent auditors were unable to confirm. B) Indicates how many times the receivables were converted into cash during the year.
Answers (1)
Supply chain optimization includes minimizing the total costs of manufacturing and transportation, which might consider sourcing, distribution, and placement of inventory throughout the supply chain.
Answers (1)
New Questions in Business
The primary goals of inventory managers are to maintain a sufficient quantity of inventory to meet customers' needs, ensure inventory quality meets customers' expectations and company standards, and minimize the cost of acquiring and carrying an
Answers (1)
Stacy Hanes is an African-American woman who has recently taken her first job and does not seem to like the work environment at all, Her colleagues put down her ideas at team meetings and refer to them as "stupid.
Answers (1)
The owner of a bicycle repair shop forecasts revenues of $160,000 a year. Variable costs will be $50,000, and rental costs for the shop are $30,000 a year. Depreciation on the repair tools will be $10,000.
Answers (1)
Sagon Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of September.
Answers (1)
What is the alternate name for income tax return form1040?
Answers (1)