Maurice Tutor

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About Maurice Tutor

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Expertise:
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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 6 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 20 Nov 2017 My Price 6.00

GreenTea Company

At December 31, GreenTea Company reports the following results for its calendar-year.

Cash sales . . . . . . . . . . . . $1,200,000

Credit sales . . . . . . . . . . . 900,000

Its year-end unadjusted trial balance includes the following items.

Accounts receivable . . . . . . . . . . . . . . . . . . . . . . $195,000

debit Allowance for doubtful accounts . . . . . . . . . . . . 3,000 debit

a. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectible are estimated to be 1.5% of credit sales.

b. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectible are estimated to be 0.5% of total sales.

c. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be 6% of year-end accounts receivable.

Answers

Maurice Tutor
(5)
Status NEW Posted 20 Nov 2017 05:11 PM My Price 6.00

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