Allowance for Doubtful Accounts has a debit balance of $2,900 at the end of the year, before adjustments. If an analysis of receivables indicates doubtful accounts of $36,000, what will be the amount of the appropriate adjusting entry? [Need The adjusting entry in Table format] Answer
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Allowance for Doubtful Accounts has a debit balance of $2,900 at the end of the year, before adjustments. If an analysis of receivables indicates doubtful accounts of $36,000, what will be the amount of the appropriate
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- Allowance for Doubtful Accounts has a debit balance of $2,900 at the end of the year, before adjustments. If an analysis of receivables indicates doubtful accounts of $36,000, what will be the amount of the appropriate adjusting entry? [Need The adjusting entry in Table format]Allowance for Doubtful Accounts has a debit balance of $1,800 at the end of the year, before adjustments. If an analysis of receivables indicates doubtful accounts of $29,500, what will be the amount of the appropriate adjusting entry? Need answerWhat will be the amount of the appropriate adjusting entry?
- Accurate answerAllowance for Doubtful Accounts has a debit balance of $2,900 at the end of the year, before adjustments. If an analysis of receivables indicates doubtful accounts of $36,000, what will be the amount of the appropriate adjusting entry? [Need The adjusting entry in Table format] general accounting entryHi,I am having a terrible time trying to understand when the balance in the allowance for doubtful account is involved in the final answer, and when it is not. Will you please explain why the answers are what they are in the attachment?
- After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $610,084 and Allowance for Doubtful Accounts has a balance of $20,670. What is the net realizable value of the accounts receivable? Select the correct answer. $20,670 $610,084 $630,754 $589,414What is the net realizable value (nrv) of account receivable? General accounting questionAnalysis of receivables methodAt the end of the current year, Accounts Receivable has a balance of$3,460,000, Allowance for Doubtful Accounts has a debit balance of$12,500, and sales for the year total $46,300,000. Using the aging method,the balance of Allowance for Doubtful Accounts is estimated as $245,000. Determine (a) the amount of the adjusting entry for uncollectibleaccounts; (b) the adjusted balances of Accounts Receivable, Allowancefor Doubtful Accounts, and Bad Debt Expense; and (c) the net realizablevalue of accounts receivable.
- In addition to this, please post to the allowance these 2022 events: Allowance for Doubtful Accounts 2021 12/31 Bal 7900 12/31 37015 12/31 Bal 44915 2022 DATE? ??? 5/1 ??? As well as: Journalize the adjusting entry for bad debts at December 31, 2022, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $1,200 and the aging schedule indicates that total estimated bad debts will be $34,500. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)Oregon Ltd's account balances at December 31, 2021, before adjusting entries, include: Accounts receivable: $156,000 Allowance for doubtful accounts: $1,900 All account balances are normal balances. After reviewing the receivables balance, management estimates that $5,000 of the accounts receivable will be uncollectible. The required adjusting entry would include a credit to the allowance account in the amount of: Question 5 options: $1,900 $6,900 $5,000 $3,100c. On December 31, 2019, an aging-of-receivables, indicates that $41 million of the total receivables of $444 million is uncollectible at year-end. Record doubtful-account expense at December 31, 2019. Post this amount to Allowance for Doubtful Accounts, and show its adjusted balance at December 31, 2019. Begin by preparing the journal entry. Date C. Journal Entry Accounts Doubtful-Account Expense Allowance for Doubtful Accounts ▼ Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer. i Data Table Accounts receivable Allowance for doubtful accounts Print Done (In millions) $ 381 (52) x