The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 6 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Allowance method fur uncollectible accounts. Diversified Technologies opened for business on January 1, 2008. Sales on account during 2008 were $126,900 Collections from customers from sales on account during 2008 were $94,300. Diversified Technologies estimates that it will ultimately not collect 4% of 2008 sales on account. During 2008 the firm wrote off $2,200 of accounts receivable as uncollectible. The firm uses the allowance method for uncollectible accounts.
a. Compute the amount of bad debt expense for 2008.
b. computer the December 31, 2008, balance sheet carrying value of accounts receivable
Hel-----------lo -----------Sir-----------/Ma-----------dam----------- Â----------- -----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------sol-----------uti-----------on.-----------Ple-----------ase----------- pi-----------ng -----------me -----------on -----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be----------- ca-----------tch-----------