|
Title: At the beginning of 2017, Smoothie Town, Inc. has the following account balances:Accounts receivable ... Post by: H3Ko on Aug 29, 2016 At the beginning of 2017, Smoothie Town, Inc. has the following account balances:
Accounts receivable $44,000 (Debit) Allowance for Bad Debts $7,000 (Credit) During the year, credit sales were $820,000. Cash collected on credit sales was $750,000, and $18,000 was written off. Smoothie Town uses the aging-of-receivables method to record bad debts expense. The amount estimated as uncollectible was $26,000. The amount of Bad Debts Expense for 2017 is ________. A) $11,000 B) $37,000 C) $26,000 D) $8,000 Title: Re: At the beginning of 2017, Smoothie Town, Inc. has the following account balances:Accounts ... Post by: .unplugged. on Aug 29, 2016 Content hidden
Title: Re: At the beginning of 2017, Smoothie Town, Inc. has the following account balances:Accounts receivable ... Post by: H3Ko on Oct 12, 2016 I just realized you had posted this! Thanks so much
|