Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. can someone explain me this? on january 1, all ci

can someone explain me this? On January 1, All City Services has the following...

90.2K

Verified Solution

Question

Accounting

imagecan someone explain me this?

On January 1, All City Services has the following balances Accounts Receivable $22,000 Bad Debts Expense $0 All City has the following transactions during January: Credit sales of $120,000, collections of credit sales of $84,000, and write-offs of $18,000. All City uses the direct write-off method. The amount of Bad Debts Expense for January is O A. $12,600 O B. $25,714 O C. $22,000 O D. $18,000

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

Effective Employee Training Programs Consider the following scenario: A state health department official has recognized your county health...

General Management
Q

Which of the following statements is correct 1 Two isothermal curves may intersect 2 Two...

Physics
Q

1. Verify the equations of rotational motion. Use the value of v from the theory,...

Physics
Q

31 Three point masses each of mass m are connected by 3 light rigid rod...

Physics
Q

Which survey is most likely affected by bias?a survey of teenagers about their favorite colorsa...

Basic Math
Q

Reena collects postage stamps to create an album. The album has 14 pages. The first...

Basic Math
Q

Suppose you brought a put option with a strike price of 52 for 3 What...

Statistics
Q

4 Jackie s homework is to determine the dimensions of her rectangular backyard She knows...

Algebra
Q

Dividends Per Share Windborn Company has 25,000 shares of cumulative preferred 1% stock, $100 par...

Accounting
Q

Britta's Sandwiches operates as a sandwich and wrap shop. Its customers can pay by cash,...

Accounting
Q

21 10 points 01:06:31 Skipped Willow Window Washing Services prepares adjustments monthly and shows the...

Accounting
Q

33. A firm evaluates all of its projects by using the NPV decision rule. Year...

Finance