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    Tammijones's Avatar
    Tammijones Posts: 12, Reputation: 1
    New Member
     
    #1

    Oct 29, 2008, 10:10 AM
    Uncolletable Accounts
    Using the allowance method, the uncollectible accounts for the year is estimated to be
    $28,000. If the balance for the Allowance for Doubtful Accounts is a $7,000 creditbefore adjustment, what is the balance after adjustment?
    A) $7,000
    B) $21,000
    C) $28,000
    D) $35,000

    Using the allowance method, the uncollectible accounts for the year is estimated to be
    $28,000. If the balance for the Allowance for Doubtful Accounts is a $7,000 credit
    Before adjustment, what is the amount of bad debt expense for the period?
    A) $7,000
    B) $21,000
    C) $28,000
    D) $35,000

    Using the allowance method, the uncollectible accounts for the year is estimated to be
    $28,000. If the balance for the Allowance for Doubtful Accounts is a $7,000 debit
    Before adjustment, what is the amount of bad debt expense for the period?
    A) $7,000
    B) $21,000
    C) $28,000
    D) $35,000
    Lowtax4eva's Avatar
    Lowtax4eva Posts: 2,467, Reputation: 190
    Ultra Member
     
    #2

    Oct 29, 2008, 01:46 PM

    If you can show that you are actually working on this yourself I'm sure someone will help you answer these.

    However the terms of use for the site say we will not simply solve homework problems for you
    muslimrao's Avatar
    muslimrao Posts: 34, Reputation: 2
    Junior Member
     
    #3

    Oct 30, 2008, 06:22 AM

    The answer is "B" 21000

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