Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the allowance for bad debt account has a credit ba

the allowance for bad debt account has a credit balance of 9000 before the adjusted...

80.2K

Verified Solution

Question

Accounting

the allowance for bad debt account has a credit balance of 9000 before the adjusted entry for bad debt expense. after analyzing the accounts in the accounts recievable subsidiary ledger using the aging method, the company's management estimates that uncollectable will be 15000. what will be the balance of the allowance for bad debts reported on the balance sheet?

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

(A) Find the number c which satisfies the conclusion of the Mean Value Theorem for the...

Basic Math
Q

Questions case on pages 341-344 in your text. What is the LA Galaxy “product”? Which of the seven...

Operations Management
Q

1. An aqueous solution of sodium hydroxide is standardized by titration with a 0.108 M solution of...

Chemistry
Q

Time-Based Preventive Maintenance and Condition-Based Preventive Maintenance are two methods that are used in maintenance. Explain your...

Mechanical Engineering
Q

4Listen Bryophytes non vascular plants OA are are more similar to ancestral green algae than...

Biology
Q

6 For glucose testing supplies how do you handle prescriptions that exceed Medicare billing guidelines...

Biology
Q

K In the diagram there are two similar triangles Find the unknown measurement The length...

Basic Math
Q

In the past month, Laura rented 4 video games and 6 DVDs. The rental price...

Basic Math
Q

132. Dave Shurek started Hindsight Electric in February 2020. Hindsight completed the following...

Accounting
Q

Are there any solutons for the widgets cost modelling case study cynthia....

Accounting
Q

Comprehensive Problem 1 Part 5: Work Sheet The following is...

Accounting
Q

Question 2 A bond with a face value of RM1,000 pays coupon at 7% per...

Finance