Oriole, Inc. had net sales in 2017 of $1,480,600. At December 31, 2017, before adjusting entries, the balances in selected accounts were Accounts Receivable $213,100 debit, and Allowance for Doubtful Accounts $3,720 credit. If Oriole estimates that 6% of its receivables will prove to be uncollectible.
Prepare the December 31, 2017, journal entry to record bad debt expense.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Oriole, Inc. had net sales in 2017 of $1,480,600. At December 31, 2017, before adjusting entries, the balances in selected accounts were ...” 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
In your opinion, what is the most important factor affecting the demand for sports and entertainment commodities?
Answers (1)
A computer profession that bridges the needs of an organization and the way their information is handled to solve business problems. considers who needs what data to get work done and how it can be delivered most efficiently.
Answers (1)
An expansion path shows a. the returns to scale at each level of output. b. the least-cost combination of inputs for each level of output. c. the level of sales necessary for a firm if it wants to expand. d.
Answers (1)
Based on a predicted level of production and sales of 22,000 units, a company anticipates total variable costs of $99,000, fixed costs of $30,000, and operating income of $36,000.
Answers (1)
A bona fide occupational qualification is a defense to discrimination charges if: a. it can be established that customer preference is the basis for discrimination. b. the job can be established as too strenuous for women. c.
Answers (1)
New Questions in Business
Sue plans to save $4,500, $0, and $5,500 at the end of Years 1 to 3, respectively. What will her investment account be worth at the end of the Year 3 if she earns an annual rate of 4.15 percent annually?
Answers (1)
Different types of market research
Answers (1)
During organized sales dialogues (presentations), salespeople are able to propose and develop customized solutions once they: Question 18 options: a) have convinced buyers to sign a sales agreement. b) are sure of minimal buyer-seller interaction.
Answers (1)
Peterson Company's petty cash fund was established on January 1 with $500. On January 31, a count of the fund revealed: $105 in cash remaining and vouchers for miscellaneous expenses totaling $400.
Answers (1)
The Ministry of Health in the Canadian Province of Ontario conducted the Ontario Health Survey by conducting interviews with 30,000 randomly selected men and 35,000 randomly selected women who reside in Ontario. This is an example of
Answers (1)