Allowance for uncertain accounts, Accounting Basics

An aging of Sernett Company's accounts receivable at the end of 2012 yielded the following information about the lengths of time that the receivables had been outstanding:

 

2064_Untitled.png

 

The balance in the Allowance for Doubtful Accounts before adjustments was $310.

Based on the preceding information,

a) What should be the balance in the Allowance for uncertain Accounts after the adjusting entry?

b) What is the amount of uncollectible accounts cost that should be reported on the income statement? 

 

 

Posted Date: 3/22/2013 5:06:26 AM | Location : United States







Related Discussions:- Allowance for uncertain accounts, Assignment Help, Ask Question on Allowance for uncertain accounts, Get Answer, Expert's Help, Allowance for uncertain accounts Discussions

Write discussion on Allowance for uncertain accounts
Your posts are moderated
Related Questions
1. State the equity equation. 2. Which account represents the beginning equity figure? 3. In which accounts are changes to equity recorded? 4. How do drawings affect the calculati

what would be the entry for-"rent recieved in advance"

Q. Explain about Accountants record expenditures? Accountants record expenditures on physical resources such like buildings, land and equipment that benefit future periods as a

Selling the rights to the quantity owing by debtors to a finance company for an agreed amount (which is a lesser amount of than the figure at which they are recorded in the account

What is the relationship of accounting and biology?


A high school counselor needs to show whether the teenage pregnancy rate at her school is disimilar from the rate nationwide. She knows that the rate nationwide is 15 %. She random

You have been engaged internal auditor by the management of Alden proprietary limited to review its internal control over the purchases, receipt, storage and issue of raw material.

Required: An implementation of a two player game. Keep the game simple ROCK PAPER SCOSSORS A two player game, each player on a different browser instance.  (pro

Q. Define an accounting system? Effects from a recent survey of 1400 chief financial officers (CFOs) indicate that tomorrow's accounting professionals will be called upon to br