User Account

All Pages

What is the balance in the accounts receivable account

Assignment Help Accounting Basics
Reference no: EM132351128

Question - On December 31, 2008, the net realizable value of a company's receivables was 528,700. The Allowance for Doubtful accounts had a credit balance of $3,800 at the beginning of 2008 and $9,300 of accounts were written off during the year 2008. If the amount of the adjusting entry to record bad debt expense for the year 2008 was $54,500, what is the balance in the Accounts Receivable account that would appear on the balance sheet on December 31, 2008?

a. $96,300

b. $77,700

c. $83,200

d. $20,300

Reference no: EM132351128

Questions Cloud

Function of its target capital structure : The residual dividend policy approach is based on the theory that a company's optimal distribution policy is a function of its target capital structure
Why the least restrictive interventions should always be use : F/601/3764-HSC 3045 Promote positive behaviour-Explain who needs to be informed of any incidents where restrictive interventions have been used.
Why is insurance important : Why is insurance important? Choose two types of insurance and discuss their characteristics.
Calculate the opportunity cost of capital : A share of stock with a beta of 0.84 now sells for $69. Investors expect the stock to pay a year-end dividend of $4.
What is the balance in the accounts receivable account : On December 31, 2008, the net realizable value of a company's receivables was 528,700. What is the balance in the Accounts Receivable account
Which of the cybercriminal threats envisaged in the project : Which of the cybercriminal threats envisaged in the Project 2020 narratives do you believe will actually pose the largest threat to society in the future.
Calculate the profitability of happy company account : Jersey corporation has analyzed their customer and order handling data for the past year & has determined the following costs
How much violence may be a permissible within moral issue : In at least 500-600 words, discuss the questions of when, why, and how much violence may be a permissible within your selected moral issue in your opinion.
What experience you had with human resource professionals : What experience have you had with human resource professionals? Has it been generally positive or negative? Why? Please include the name of the person.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd