For 2021, Rahal's Auto Parts estimates bad debt expense at 1% of credit sales. The company reported accounts receivable and an allowance for uncollectible accounts of $91,000 and $3,000, respectively, at December 31, 2020. During 2021, Rahal's credit sales and collections were $413,000 and $417,000, respectively, and $3,690 in accounts receivable were written off. Rahal's final balance in its allowance for uncollectible accounts at December 31, 2021, is:
Solved
Show answers
More tips
- F Food and Cooking How to cook crayfish? Everything you need to know...
- G Goods and services LED-подсветка в LCD-телевизорах: 5 причин, почему она лучше других технологий...
- P Photography and Videography Understanding HDR: How It Works and Why You Need It...
- P Photography and Videography How to Choose the Perfect Photo Paper for Your Images?...
- C Computers and Internet How to Choose an Uninterruptible Power Supply (UPS) for Your Computer: Expert Tips...
- S Science and Technology How to choose a home theater system?...
- A Auto and Moto How to Choose a Car Wash? Tips and Recommendations...
- A Animals and plants How ants survive winter: exploring the secrets of their winter life...
- C Construction and repair How to Choose the Best Underfloor Heating?...
- S Sport When is the Champions League final?...
Answers on questions: Business
- B Business To find how many countries you will pass though on your trip to Europe, you would reference a a. Data map c. Statistical map b. Political map d. Physical map Please select...
- B Business Loss of the Gocha mangrove forests has caused coastal erosion, reducing fish populations and requiring the Gocha Fishing Cooperative (GFC) to partially fund dredging and...
- B Business Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entry accounting system. March 24 Owner deposits...
- B Business Companies that have paid out millions of dollars as a result of discrimination lawsuits include: A. Target and Honda B. Wal-Mart and Texaco C. Google and Pepsi D. BP and...
- B Business Hai, a single taxpayer, invested $75,000 in the stock of Penguin Corporation, which recently declared bankruptcy. Although distressed over the loss of her investment, Hai...
- B Business Select the correct answer. Which Investment option is the most illiquid? OA IRAS OB. stocks OC. mutual funds O D. bonds Reset Next The Answer is B...
- B Business Firm X purchased $30,000 worth of inventory when they opened for business, adding to the $20,000 included in the acquisition. At the end of the first quarter, inventory...
- B Business Kimberly invested $120000 into a startup company this year. For the first time, she received a payment from the company for $28800. What was Kimberly’s rate of return on...
- B Business The prepaid insurance account shows a debit of $6,864, representing the cost of a 2-year fire insurance policy dated August 1 of the current year. 2. On November 1, Rent...
- B Business Suppose that Natasha s utility function is given by u(l) = I^0.5, where I represents annual income in thousands of dollars. 1. Is Natasha risk loving, risk neutral, or...
Ответ:
I can't guarantee anything but I can help you to the best of my ability! But I don't want your points.