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Aging of accts receivable method, the balance in

Allowance for uncollectible accounts prior to adjustment is ignored
Or
Accounts rec'able prior to adjustment must be considered


I still...

Bank lends money to customer on six month note. The entry to record the issuance of the note is:
A - debit note rec'able and credit credit service rev
B - debit service rev and credit note rec'able...

The balance in Accounts Receivable was $650,000 at the beginning of the year and $350,000 at the end of
The year. Sales for the year totaled $4,100,000. During the year, $400,000 in...

Bigg and Talle Corporation uses the percent-of-sales method to estimate uncollectibles. Net credit
Sales for the current year amount to $5,000,000, and management estimates 2% will be...

An aging-of-accounts-receivable method indicates that amount of uncollectible accounts is $7,200.
The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $2,000....

Using the aging-of-receivables method to estimate uncollectibles, Avidity Corporation estimates that
$3,550 of its accounts receivable will be uncollectible. Prior to adjustment, the...

Thank you - so 2200 C

A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the
Following:
1-30 days $40,000 1.5%
31-60 days $10,000 8.0%
61-90 days $6,000 22.0%

Amounts...

A debit balance in the Allowance for Uncollectible Accounts:
A) cannot occur.
B) is the normal balance.
C) occurs when the actual bad debt write-offs are less that what was estimated.
D) occurs...

I thought any answer that says to ignore - would be wrong.

A) Allowance for Uncollectible Accounts prior to adjustment is ignored.
B) Accounts Receivable prior to adjustment must be considered.
C) Allowance for Uncollectible Accounts prior to adjustment...

CC) accounts receivable less allowance for uncollectible accounts.

Net accounts receivable is calculated as
A) sales less sales returns and allowances.
B) accounts receivable plus allowance for uncollectible accounts.
C) accounts receivable less allowance for...