$ 44,100 $ 30,000 $ 45,000 11- Multiple Choice Question 97
Using the percentage-of-receivables basis, the uncollectible accounts for the year is estimated to be $ 31,000. If the balance for the Allowance for Doubtful Accounts is a $ 7,000 debit before adjustment, what is the amount of bad debts expense for the period?
$ 31,000 $ 38,000 $ 7,000 $ 24,000 12- Multiple Choice Question 103 Using the following information: 12 / 31 / 12 Accounts receivable $ 525,000 Allowance( 35,000) Cash realizable value $ 490,000
During 2013, sales on account were $ 145,000 and collections on account were $ 100,000. Also during 2013, the company wrote off $ 8,000 in uncollectible accounts. An analysis of outstanding