Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
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, 1 Day Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

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

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 31 Jan 2018 My Price 6.00

Sather Ltd.

Sather Ltd. had the following unadjusted account balances at December 31, 2015:

 

Required:

1. Assume that Sather Ltd. estimated its uncollectible accounts at December 31, 2015 to be two per cent of sales.

a. Prepare the appropriate adjusting entry to record the estimated uncollectible accounts at December 31, 2015.

b. Calculate the balance in the Allowance for Doubtful Accounts account after posting the adjusting entry.

2. Assume that Sather Ltd. estimated its uncollectible accounts at December 31, 2015 to be ten per cent of the net accounts receivable balance.

a. Prepare the appropriate adjusting entry to record the estimated uncollectible accounts at December 31, 2015.

b. Calculate the balance in the Allowance for Doubtful Accounts account after posting the adjusting entry.

3. Why is there a difference in the calculated estimates of doubtful accounts in questions 1 and 2?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 31 Jan 2018 12:01 AM My Price 6.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------.Pl-----------eas-----------e p-----------ing----------- me----------- on-----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be-----------

Not Rated(0)