What is the appropriate balance for oceanside

Reference no: EM133416954

Question: Oceanside Company uses the balance sheet approach in estimating uncollectible accounts expense. Its Allowance for Doubtful Accounts has a $3,200 balance prior to adjusting entries. It has just completed an aging analysis of accounts receivable at December 31, Year 1. This analysis disclosed the following information:Age Group Total || Percentage Considered UncollectibleNot yet due $92,000 || 1%1-30 days past due $40,000 || 2%31-60 past due $33,000 || What is the appropriate balance for Oceanside's Allowance for Doubtful Accounts at December 31, Year 1?,

Reference no: EM133416954

Questions Cloud

How much is jungkook net income for tax : How much is Jungkook's net income for tax purposes in accordance with Section 3 of the Income Tax Act?

Information to sufferers of range of common disease types : Create short information leaflets which could be used in the NHS to provide information to sufferers of a range of common disease types.

Determine an appropriate test of controls you would employ : Identify the appropriate assertions and determine an appropriate test of controls you would employ for each control

Examples of the strategic application of business research : What are some results from the Hofstede cultural intelligence results that your company should notice? What are some dos and don'ts for negotiation?

What is the appropriate balance for oceanside : What is the appropriate balance for Oceanside's Allowance for Doubtful Accounts at December 31, Year 1?

How much revenue should rothbart recognize in 2024 : The manufacturing contract is expected to last six months, and as of December 31, 2024, the job is 50% complete. How much revenue should Rothbart recognize

What is the author claim about the relationship between : What is the author 's claim about the relationship between science and the sacred? What are your thoughts after reading this article ? Can the sacred exist

What are international business strategic management process : What are the impacts of digitization on the international business strategic management process?

Prepare consolidated worksheet entries for the year ending : Prepare consolidated worksheet entries for the year ending 30 June 2022. Include narrations and a reference number per entry.

User Account

All Pages