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Bad debts
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Hi, I'm doing an accounting question and I can't get my trial balance to balance I think its something to do with how I'm accounting for the bad debts. If I have sales of 4,200,000 made evenly throughout the year and customers are allowed a months credit and halfway during the year one of the...
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My father recently died leaving enough money to pay off most of his debts,but not all.I contacted those credit card companies that there no funds to pay and informed them of my father's death and that there were no assets to pay these debts.I soon received a letter (from american express) asking to...
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My father recently died leaving enough money to pay off most of his debts,but not all.I contacted those credit card companies that there no funds to pay and informed them of my father's death and that there were no assets to pay these debts.I soon received a letter (from american express) asking to...
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For the past 34 years I was married to a wonderful loving man. He passed away just 7 weeks ago. Needless to say he left me with a lot of credit card debts. And I mean a lot. My question: Since my name was not on these credit card debts and in fact I did not know about most of them until the...
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