User Account

All Pages

What was the balance of the allowance account on jan

Assignment Help Financial Accounting
Reference no: EM132778492

Problem 1: The amount of bad-debt expense recorded by a company at the end of 20X1 is 18.100 €. The ending balance of outstanding receivables is 482.000€ and the estimate for possible non-collections is 5%. During the year, the company wrote-off receivables for an amount of 9.400€. What was the balance of the allowance account on Jan,1, 20X1?

Select one:

a. 24,100
b. 15,400
c. dont know
d. 27,500
e. 18,100

Reference no: EM132778492

Questions Cloud

Explain three categories of strategic alliances : Explain three categories of strategic alliances. What are the governmental and cultural factors that influence strategic implementation; as well as the impact.
Why is it important for the company to retain the knowledge : Why is it important for the company to retain the knowledge these employees have gained over their many years of experience?
How much should gareth capitalise as a non-current asset : How much should Gareth capitalise as a non-current asset in relation to the purchase? Gareth, a sales tax registered trader purchased a computer for use
What are negative consequences of the owners plan : Read or review the Experiential Exercises below.As an HR consultant team specializing in physician compensation, Mary has been brought in to advise the owners.
What was the balance of the allowance account on jan : During the year, the company wrote-off receivables for an amount of 9.400€. What was the balance of the allowance account on Jan,1, 20X1?
Determine what is treatment of direct origination cost incur : Determine What is the treatment of direct origination costs incurred in connection with loans receivables? charged directly to retained earnings
What can organizations do to alleviate the perception : Why is it that even in the 21st century organizations continue to struggle with the concept of equal pay? What can organizations do to alleviate the perception.
Find which long-term interest bearing notes receivable : Find which Long-term interest bearing notes receivable shall be initially measured at? Long term notes receivable which bears no interest or minimal interest
What is the nature of the collective bargaining dispute : Locate an article describing a collective bargaining situation that has arisen within the year. This article should be from a newspaper, an academic journal.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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