Maurice Tutor

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

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 25 Jul 2017 My Price 3.00

Diversified Technologies

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

Answers

(5)
Status NEW Posted 25 Jul 2017 02:07 PM My Price 3.00

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