Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. blimp company uses the allowance method to account

Blimp Company uses the allowance method to account for uncollectible receivables. At the beginning of...

80.2K

Verified Solution

Question

Accounting

image

Blimp Company uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for Bad Debts had a credit balance of $900. During the year Blimp wrote off uncollectible receivables of $2,200. Blimp recorded Bad Debts Expense of $2,700. Blimp's year-end balance in Allowance for Bad Debts is $1,400. Blimp's ending balance of Accounts Receivable is $20,100. Compute the net realizable value of Accounts Receivable at year-end OA. $17,900 B. $17,400 O C. $20,100 O D. $18,700

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In 200 words answer the below: What environmental concerns in your area impact the ability of...

Medical Sciences
Q

In addition to a greater independence from water Amniotes show other ecological adaptations compared to...

Biology
Q

1 point Solve for the matrix X if AX B Assume that all matrices are...

Basic Math
Q

QUESTION 21 The function f is one to one Find its inverse f x 6x...

Calculus
Q

P3 x x 21x 20x Requirements For Polynomial Standard Form Factored Form Other points Multiplicity...

Algebra
Q

Solve the following system of equations with the substitution method 10x 2y ly Answer 5z...

Algebra
Q

Answer the following questions: 1. What is an audit trail and why is it...

Accounting
Q

SBD Phone Company sells its waterproof phone case for $90 per unit. Fixed costs total...

Accounting
Q

Sunland Company has 4900000 shares of common stock outstanding on December 31, 2020. An additional...

Accounting
Q

Excerpt from the Company's 2017 Q2 financial statements footnote are below: The following table provides...

Accounting
Q

Down Under Boomerang, Inc., is considering a new 3-year expansi requires an initial fixed asset...

Finance
Q

please provide workings as well thank ypu Shameer College is decreasing the number of...

Finance