What amount of bad debt expense was recognized for the year

Assignment Help Financial Accounting
Reference no: EM13489034

Balance sheet of kinkos 1999
12/31/1999 $173,200
12/31/1998 $ 236,400
Accounts receivable less allowance for bad debts of $9,500 and $17,900 for 1999 and 1998 respectively Kinkos wrote off $10,650 of receivables as bad debts during 1999. What amount of bad debt expense was recognized for the year 1999?

Reference no: EM13489034

Questions Cloud

Explain the charge of the ruthenium ions in solution : An aqueous solution of an unknown ruthenium salt is electrolyzed by a current of 2.50 A passing for 50.0 minutes. If 2.618 g Ru is produced at the cathode, what is the charge of the ruthenium ions in solution
The ethanol (c2h5oh) has a normal boiling point of 78.4 oc : Ethanol (C2H5OH) has a normal boiling point of 78.4 OC. Estimate ?Suniverse at this 50.0 OC for the process: C2H5OH (l) ? C2H5OH (g).
Explain what is the ph of the buffer solution : A buffer containing 0.25 M NH3 (Kb = 1.8 x 10-5) and 0.40 M NH4Cl is prepared. a. What is the pH of this buffer solution. b. What is the pH of the solution after 25.00 mL of 1.00 M HCl is added to 975.0 mL of buffer
Find the angle of the velocity vector of the package : An airplane with a speed of 89.1 m/s is climbing upward at an angle of 31.5 ° with respect to the horizontal. Relative to the ground, determine the angle of the velocity vector of the package just before impact
What amount of bad debt expense was recognized for the year : Kinkos wrote off $10,650 of receivables as bad debts during 1999. What amount of bad debt expense was recognized for the year 1999?
Explain a radioactive 32p nucleus has a half-life : A radioactive 32P nucleus has a half-life of 14.3 days. If a 50.00 g sample is allowed to decay naturally, how much time passes until only 1.00 g of 32P remains
What are the rights of the stakeholders of an entity : Provide an example of a director that has not fully complied with these legal duties. What were the penalties involved? (Ensure you provide evidence via appropriate references you have obtained to support your answer).
Evaluate the expected vapor pressure for a solution : Calculate the expected vapor pressure at 25 OC for a solution containing 158.0 g of nonelectrolyte sucrose (MW = 342.3 g/mol) in 643.5 mL of water. At 25 OC, water has a density of 0.9971 g/mL and its vapor pressure is 23.76 torr.
Explain the final temperature of the non-boiling water : The silver in part a is then placed in a beaker of boiling water for 15 minutes and then quenched in 100.0 g of water at an initial temperature of 21.5 OC. What is the final temperature of the non-boiling water. Water has a heat capacity of 4.184 ..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Evaluate how does above bullet point affect ora audit report

Evaluate how does above bullet point affect Ora's audit report to Noved's Board of Directors and Jones's firm provided financial consulting services to Noved during 2009 and 2008, for which Noved paid just about $1,600 and $9,000, correspondingly.

  Different classifications of assets to total assets

Discuss the relative importance of different classifications of assets to total assets. What additional information would you expect to find in the notes to the financial statements about major classification of assets?

  Discuss some of the primary changes in the accounting

The accounting for assets, both current and long-term, has changed significantly since the inception of the FASB. Discuss some of the primary changes in the accounting (measurement and reporting) for assets that the FASB has implemented.

  Prepare the firms july production report

Compute the missing amounts, and prepare the firm's July production report - data pertain to the Vesuvius Tile Company for July.

  Finding the the cash balance at the end of the yearcash

finding the the cash balance at the end of the year.cash flow computations from the following selected data compute the

  Create a production budget for february

Create a forecast of the units and cost of raw material that will be required for February, March, and April. The expected cost per pound of raw material is expected to be $2 in February, $2.30 in March, and $2.40 in April.

  1your accounts payable system generates automated journal

1.your accounts payable system generates automated journal entries each time an invoice is recorded.2.each vendor has

  A local engineering firm is bidding on a design project for

a local engineering firm is bidding on a design project for a new client. the total budgeted direct-labor costs for the

  What are variable costing inventory cost per unit

What are the variable costing inventory cost per unit be for 2010,2011, and 2012, respectively?

  Why the fasb and the iasb are seeking to converge

Discuss the reasons why the FASB and the IASB are seeking to converge and improve their respective conceptual frameworks and why the project will to take a long time to complete.

  Calculation of product cost and breakeven pointwakefield

calculation of product cost and breakeven point.wakefield inc. offers a cpa review course in cities throughout the

  What types of tax law guidance are published by the irs

What role does the Internal Revenue Service play in interpreting, and providing guidance on, the tax law? What types of tax law guidance are published by the IRS?

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