Jalan Tire Co. has net credit sales of RO 500,000 and estimates that uncollectible accounts will be 3% of sales. If Allowance for Doubtful Accounts has a debit balance of RO 2,000 prior to adjustment, its balance after adjustment will be a credit of اختراحد الخبارات a. RO 21,000 O b. RO 150,000 O .C. None of the answers are correct O d. RO 15,000 O e. RO 6,000

Jalan Tire Co. has net credit sales of RO 500,000 and estimates that uncollectible accounts will be 3% of sales. If Allowance for Doubtful Accounts has a debit balance of RO 2,000 prior to adjustment, its balance after adjustment will be a credit of اختراحد الخبارات a. RO 21,000 O b. RO 150,000 O .C. None of the answers are correct O d. RO 15,000 O e. RO 6,000

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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idiyah Co. estimates that RO 6,500 of its accounts receivable to be uncollectible. If Allowance for Doubtful Accounts has a RO 200 debit balance, the company should record a elect one: O a. None of the answers are correct O b. debit to Bad Debt Expense for RO 5,300. O c credit to Allowance for Doubtful Accounts for RO 6,500. O d. debit to Allowance for Doubtful Accounts for RO 5,300. O e. credit to Bad Debt Expense for RO 7,700.
One company has estimated that $3150 of its accounts receiable will be uncollectible. If allownace for doubtful accounts already has a credit balance of $1102, and the percentage of receivables method is used, it sadjustment to recrod for the period will require a debit to what for what amount?
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What is the ending balance of the Allowance for doubtful receivables, given the following information: On January 1 2010, the Allowance for Doubtful Accounts of Alpha Inc. has a €10.500 credit balance and Accounts Receivable has a €150.000 debit balance. On December 31, some receivables are written down by €7.500 Answer: X
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