contestada

The allowance method of estimating uncollectible accounts receivable based on an analysis of receivables shows that $640 of accounts receivable are uncollectible. Allowance for Doubtful Accounts has a debit balance of $110. The adjusting entry at the end of the year will include a credit to Allowance for Doubtful Accounts in the amount of:
$530$640$750$110

Respuesta :

Answer:

$640

Explanation:

Given;

An analysis of receivables shows that $640 of accounts receivable are uncollectible. To account for this, the adjusting entries are

Dr Bad debt expense account $640

Cr Allowance for Doubtful Accounts $640

Being adjusting entries at the end of the year to account for uncollectible accounts receivable. The credit to Allowance for Doubtful Accounts in the amount is $640

Otras preguntas