Start New Topic
New Topic  
Posts: 949
Rep: 0 0
A year ago
Gross Accounts Receivable is $20,000. Allowance for Doubtful Accounts has a credit balance of $400. Net credit sales for the year are $125,000. In the past, 2% of credit sales had proved uncollectible, and an aging of the receivables indicates $1,500 is doubtful. Under the balance sheet approach, Bad Debts Expense for the year is:
A) $2,500.
B) $2,900.
C) $1,900.
D) $1,100.
Source  Browse all questions from this textbook College Accounting: A Practical Approach
Edition: 13
Author(s): Slater

Read 77 times
2 Replies
Answer verified by a subject expert
Top Poster
Posts: 680
Rep: 7 0
A year ago
Sign in or Sign up in seconds to unlock everything on Biology Forums.
Teacher at Trios!
A week ago
thanks brother
New Topic      
Share This Topic
Similar topics that might interest you...
Accounting   A year ago   upton   keytwo   1 Reply   36 Views
Accounting   2 weeks ago   majestico   Augustis   3 Replies   28 Views
Accounting   2 weeks ago   Fast2F   Augustis   3 Replies   55 Views
Accounting   8 months ago   harra   2 Replies   15 Views
Accounting   6 months ago   Sharron   bolbol   1 Reply   48 Views
This board requires you to register before making a post. Click here to join.
Post homework questions online and get free homework help from tutors.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  192 People Browsing
 1138 Signed Up Today
Related Images
Which of the following is the best resource to supplement your studies:
Watching videos
Using a solutions manual
Using previous years tests as examples
Using a test bank
Having a live tutor
If you would like to vote in this poll, please login or register