Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 06 May 2018 My Price 4.00

Finish Co

Fundamentals Wild, 5e, Accounting for Recelvables ounting Finish Co. uses the allowance method to account for bad debts. At the end of 2010, Anish Co.s unadjusted trial balance shows an accounts receivable balance of$30.ooo, allowance for include a accounts belence of $200 (credit: and sales of $600,000. Based on history, Anish estimates that bad debts will be 19% of sales. The entry to record estimated bad debts will debit to Bad Debts Expense in the amount of click the answer you think is right. $500 $6.200 $5,800 Finish Co. uses the allowance method to account for bad debts. At the end of 2010, Finish Co.'s unadjusted trial balance shows an accounts receivable balance of $30.000, allowance for doubtful accounts balance of $200 (credit); and sales of $600,000. Based on history, Finish estimates that bad debts will be 1% of sales. The entry to record estimated bad debts will include a debit to Bad Debts Expense in the amount of: $500 $6, 200 $100 $5, 800 $6,000

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Maurice Tutor
(5)
Status NEW Posted 06 May 2018 07:05 PM My Price 4.00

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