BUSINESS HIGH SCHOOL

Using the income statement method for accounting for uncollectible accounts, a company estimates that 2.5% of credit sales will eventually become uncollectible. If credit sales during the year are $400,000 and accounts receivable at the end of the year are $80,000, the adjustment for estimated uncollectible accounts will require a: Credit to Accounts Receivable for $2,000.
b. Debit to Bad Debt Expense for $10,000.
c. Debit to Allowance for Uncollectible Accounts for $10,000.
d. Credit to Bad Debt Expense for $8,000.

Answers

Answer 1
Answer:

Answer:

the adjustment for estimated uncollectible accounts will require

b. Debit to Bad Debt Expense for $10,000.

Explanation:

There are two primary methods for estimating bad-debt expense. The first is an income-statement approach that measures bad debt as a percentage of sales.

Accout receivable at the end_ 80000

Credit sales_______________400000

 

Estimate________________ 2,50%

Debit bas debt expense______10000

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Answers

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Answers

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hope it helps

The main force behind Taiwan's economy growth is Manufacturing. The correct option is c.

Taiwan's economy is a highly developed and market-based. It is the eighth largest in Asia and the twentieth largest in the world in terms of the parity of purchasing power, allowing Taiwan to be classified as an advanced economy through the International Monetary Fund. The World Bank ranks it among the high-income economies. Taiwan is one of the world's most technologically advanced computer microchip manufacturers.

Taiwan has evolved from a recipient of US aid in the 1950s and early 1960s to a donor of aid and a major foreign investor, in investments primarily in Asia.

Learn more about Taiwan's economy, here:

brainly.com/question/27778291

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Answers

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