If the balance of allowance for doubtful accounts is 3000

Assignment Help Accounting Basics
Reference no: EM13391922

Using the percentage of receivables method for recording bad debts expense, estimated uncollectible accounts are $15,000. If the balance of the Allowance for Doubtful Accounts is $3,000 credit before adjustment, what is the amount of bad debts expense for that period?

A. $15,000

B. $12,000

C. $18,000

D. $8,000

Reference no: EM13391922

Questions Cloud

Can someone who is a leader not be a manager explain why or : write a 200- to 300-word paragraph answering the following questionsmiddot can someone who is a leader not be a
Xyz company deposited 15000 in bank account in return for : xyz company deposited 15000 in a bank account in return for issuing shares in the corporation. this transaction would
Write down some skills that leaders require to possess how : 1 what are some skills that leaders need to possess? how can managers develop leadership skills?2 how has management
Uing circular flow diagram describe the way that family : explain how the circular flow diagram relates to the current economic situation. using the circular flow diagram
If the balance of allowance for doubtful accounts is 3000 : using the percentage of receivables method for recording bad debts expense estimated uncollectible accounts are 15000.
Find the monopolists price quantity and profits compute the : north bend currently has one mcdonalds fast-food franchise. demand for hamburgers in north bend is givenby q 300 -
Write down the advantages and disadvantages of transporting : what are the advantages and disadvantages of transporting product via pipeline? research the web and supply the name
Hahn company employs the percentage of sales techniques for : hahn company uses the percentage of sales method for recording bad debts expense. for the year cash sales are 300000
Determine the dl and dm variances and provide explanations : ryt aka rotyourteeth candy company sells lollipops. last year the company sold 10000000 lollipops for 1000000. the

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd