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wyseguy8971
04.11.2021 •
Business
At the end of the current year, the accounts receivable account has a debit balance of $666,000 and sales for the year total $7,550,000.
a. The allowance account before adjustment has a debit balance of $9,000. Bad debt expense is estimated at 1/2 of 1% of sales.
b. The allowance account before adjustment has a debit balance of $9,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $28,800.
c. The allowance account before adjustment has a credit balance of $9,000. Bad debt expense is estimated at 3/4 of 1% of sales.
d. The allowance account before adjustment has a credit balance of $9,000. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $74,700.
Required:
Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above.
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Ответ:
i. introduction
ii. thesis
iii. how access to communication is changing
iii.a. mobile-subscriber data
iii.b. internet-access data
iv. how technology is affecting trade
iv. a. e-commerce data
v. conclusion