Dr Nick

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About Dr Nick

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

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Teaching Since: May 2017
Last Sign in: 344 Weeks Ago, 1 Day Ago
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Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Accounting Posted 10 Jun 2017 My Price 12.00

journal entries assuming that the estimate

A trial balance before adjustment included the following:

 DebitCreditAccounts receivable $156,000 Allowance for doubtful accounts  1,160Sales  $444,000Sales returns and allowances 8,200 

Give journal entries assuming that the estimate of uncollectibles is determined by taking

(1) 6% of gross accounts receivable (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

(2) 2% of net sales. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Answers

Dr Nick
(4)
Status NEW Posted 10 Jun 2017 03:06 PM My Price 12.00

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