Company has outstanding accounts receivables of $1,650,000 at year-end. During the year, $35,000 of accounts eceivables were written-off. The company estimates allowance for bad debts to be 3% of accounts receivables balance. the allowance for bad debts before adjustment has a debit balance of $1,500, how much should be the amount of adjustme $13,000 $51,000 $84,500

Company has outstanding accounts receivables of $1,650,000 at year-end. During the year, $35,000 of accounts eceivables were written-off. The company estimates allowance for bad debts to be 3% of accounts receivables balance. the allowance for bad debts before adjustment has a debit balance of $1,500, how much should be the amount of adjustme $13,000 $51,000 $84,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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