Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a trial balance before adjustments included the fo

A trial balance before adjustments included the following: ...

70.2K

Verified Solution

Question

Accounting

A trial balance before adjustments included the following:

Debit Credit
Sales $1620000
Sales returns and allowance $56800
Accounts receivable 174000
Allowance for doubtful accounts 2510

If the estimate of uncollectible accounts is made by taking 4% of gross accounts receivables, the amount of the adjustment is

a) $9470.

b) $4450.

c) $6960.

d) $6860.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Kevin is organizing luxury bus tickets to Lynnwood from Shoreline. If the ticket price is $200,...

Basic Math
Q

make multiply function with ‘add’ command， Convert to mips code Don’t use ‘mult’ Use 'add' multiple times Get input...

Programming
Q

Based on your Culture, describe its impact upon the treatment of mental illness. How does culture...

Psychology
Q

20 kg of steam at 1000C is  passed into a mixture of 30 kg of ice and...

Physics
Q

The day after the U.S. stock market crash of October 19, 1987, Federal Reserve Board Chairman...

Economics
Q

The height of a rider on a Ferris wheel, in metres, can be modelled by...

Basic Math
Q

A ABCDE what is the scale factor T E 2 N 1 2 1 3...

Algebra
Q

2 2 3 Select Select Two numbers multiply together to equal 90 but add together...

Algebra
Q

according to Ian redpath and robert feenan which of the following is not generally a...

Accounting
Q

Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a...

Accounting
Q

On October 21 of the current year, David receivesstock of Western Corporation as a gift...

Accounting
Q

What is the 1.5 year zero rate (also known as "spot rate") give that the...

Finance