The allowance for doubtful accounts balance at the end of

Assignment Help Accounting Basics
Reference no: EM13573402

Accounts receivable written-off as uncollectible during the year amounted to $11,500.
The accounts receivable balance at the beginning of the year was $150,000.
The accounts receivable balance at the end of the year was $210,000.
The allowance for doubtful accounts balance at the beginning of the year was $14,000.
The allowance for doubtful accounts balance at the end of the year after the recording of bad debt expense was $12,900.
Credit sales during the year totaled $900,000.
What was the written off amount?

Reference no: EM13573402

Questions Cloud

A stock has a beta of 126 and an expected return of : a stock has a beta of 1.26 and an expected return of 14.8percent. the risk-free rate is 3.6 percent. what is the slope
If the beginning inventory is understated by 1300 and : if the beginning inventory is understated by 1300 and ending inventory is understated by 700 what would be impact on
In analyzing the relationship between art and science in : the assignment about leonardo michelangelo and pico della mirandola.answer the following essay question in thorough
Eugene wright is cfo of caribbean cruise lines the company : eugene wright is cfo of caribbean cruise lines. the company designs and manufactures luxury boats. its near year-end
The allowance for doubtful accounts balance at the end of : accounts receivable written-off as uncollectible during the year amounted to 11500. the accounts receivable balance at
Discuss the situation in which corporations have to choose : discuss the situation in which corporationshave to choose trade-off theory of capital structure in order tooptimize
Job order cost accounting system during one month bard : job order cost accounting system. during one month bard purchased 198000 of raw materials on credit issued materials to
Ben corp grants its customers 30 dyas credit the company : ben corp grants its customers 30 dyas credit. the company uses the allowance methods for its uncollectible accounts
After you have viewed the film and formulated your own : your assignment is to write a 750-word essay word count is approximate that responds to one of the questions

Reviews

Write a Review

Accounting Basics Questions & Answers

  Karen most has a federal tax levy of 210050 against her if

karen most has a federal tax levy of 2100.50 against her. if most is single with two personal exemptions and had a

  How can we eliminate stereotypes in society

1.Name several stereotypes that you have heard or believe. How can we eliminate stereotypes in society?

  Pros and cons of consolidating financial statements

Why is it important to consolidate financial statements? When should financial statements be consolidated? What are the pros and cons of consolidating financial statements? Include limitations, if any.

  Indicator of relative profitability

You are trying to determine which of two companies is the most profitable. Which of the following would be the best indicator of relative profitability

  Purchasing at face value

On January 1, 2010, Milton Company purchased at face value, a $1,000, 6% bond that pays interest on January 1 and July 1. Milton Company has a calendar year end.

  Activity-based costing and management

How does activity-based costing differ from other forms of costing? What about activity-based management? Are activity-based costing and management suitable to all companies? Why or why not?

  How much is in common stock

Young Company has $16,000 in Retained Earnings, $27,000 in Assets, and $5,000 in Liabilities. How much is in Common Stock?

  What is the company inventory turnover

A company had gross profit of $134,200 on net sales of $205,000. If ending inventory was $8,000 and average inventory was $7,080, what is the company's inventory turnover.

  Calculate the breakeven point in units

Jack and Jill Company produces two products, X and Y. X sells for $10/unit and Y sells for $20/unit. The products have a variable cost of $9 for X and $14 for Y. Last year the company sold 10,000 units of X and 40,000 units of Y. Fixed costs are a..

  Journal entry to record item of loxley corporation

Loxley Corporation is authorized to issue 50,000 shares of $10 par value common stock. During 2010, Loxley took part in the following selected transactions.

  Calculate elaine''s current basis in her partnership interest

Elaine's original basis in the Hornbeam Partnership was $25,000. Her share of the taxable income from the partnership since she purchased the interest has been $100,000, and Elaine has received $75,000 in cash distributions from the partnership

  Professionalism in accounting

State how the concept of "professionalism" in the public accounting industry shifted or evolved between Federal Trade Commission's "restraint of trade" decision in the early 1970s and today, several years following passage of the Sarbanes-Oxley Ac..

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