Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. at the end of 2011, using aging of accounts receiv

At the end of 2011, using aging of accounts receivable, LEX estimated that it needs...

70.2K

Verified Solution

Question

Accounting

At the end of 2011, using aging of accounts receivable, LEX estimated that it needs $5,000 in allowance for doubtful account. On February 19, 2012, LEX decided that $800 became uncollectible and should be written off. What should be the balance of allowance for doubtful account after the February 19 write off?

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

I need the exact answer for: Best-case NPV: Worst-case NPV McGilla Golf has decided to sell a new...

Finance
Q

How does the rate of blood flow in and the rate of blood flow out of the...

Medical Sciences
Q

2. Describe the mechanism of targeting of proteins to the secretory pathway. Be sure to provide...

Medical Sciences
Q

JULIUS Question 1 What defines the area for the formation of the septum in binary...

Biology
Q

Column I contains a list of processes involving expansion of an ideal gas Match this...

Physics
Q

The Richter magnitude of an earthquake M is related to the energy released in Ergs...

Basic Math
Q

Solve 7 sin(? 6)x = 4 for the four smallest positive solutionsGive your answers accurate...

Basic Math
Q

3 Find frr 2 0 fzy 2 0 and fyy 2 0 if f x...

Algebra
Q

Solve the following equation using the square root method 4x 1 0 2 Give your...

Algebra
Q

Discuss what is meant by the concept of Time Value of Money (TMV) and how...

Accounting
Q

help skilled workers with high hourly rates of pay are given duties that require...

Accounting
Q

Here are the options: Using Excel to Prepare a Statement of Retained Earnings...

Accounting