User Account

All Pages

What is your year-end balance in allowance

Assignment Help Accounting Basics
Reference no: EM132116333

Question - Your business uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for uncollectible accounts had a credit balance of $ 1 comma 500$1,500. During the year you wrote off bad receivables of $ 2 comma 500$2,500 and recorded Bad debt expense of $ 2 comma 300$2,300. What is your year-end balance in Allowance for uncollectible accounts?

1300

4000

2300

3800

Reference no: EM132116333

Questions Cloud

Describe how you have used imagery as an athlete : Describe how you have used imagery as an athlete and/or for what purposes you have taught imagery as a coach to athletes. How are the ways you have used imagery
How knowing ones christian purpose can impact technology : Discuss how the Christian health administrator can ensure responsible use of technology.
Negotiating to resolve conflict in the workplace : What has your experience been with negotiating to resolve conflict in the workplace? What purpose does negotiation serve in the workplace?
Discuss the effect of the amendment : The Kefauver-Harris Drug Amendment Act was ratified initially in 1962. Discuss the effect of the amendment and why you believe this law so severely criticized.
What is your year-end balance in allowance : Your business uses the allowance method to account for uncollectible receivables. What is your year-end balance in Allowance for uncollectible accounts
Write your response to the judges decision : Evaluate and make judgements on cases based on the evidence presented to them, and the Supreme Court is the final judgement.
What is her charitable contribution deduction : Rachel's AGI is $140,000. She contributed $80,000 in cash to a public charity. What is her charitable contribution deduction for AMT purposes
More stages of the overall industry value chain : Explain when a company should consider using a vertical integration strategy to extend its operations to more stages of the overall industry value chain
How organizational based policies are implemented : Using your scholarly resources, provide an example of how organizational based policies are implemented in healthcare practice.

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