Computing amount of bad debts using t account model, Accounting Basics

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Computing amount of bad debts using t account model

Q1) Allowance account and financial statement effect. Following is portion of present assets section of balance sheets of Avanti's Inc at Dec 31, 2009 and 2008.

Accounts receivable , less allowances	12/31/09	12/31/09
For bad debts of 9500 and 17900 respectively	173,000	236,400

If $11,800 of accounts receivable were written off during 2009, compute amount of bad debts expense identified for the year? Use T account model of Allowance account, plug in three amounts that you know and solve for unknown.

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Accounting Basics: Computing amount of bad debts using t account model

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Accounting Basics: Computing amount of bad debts using t account model

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Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Computing amount of bad debts using t account model

Reference No:- TGS017910

Recent Questions Asked Accounting Basics

Q : Calculating ending inventory using fifo and lifo cost-flow

Q : Regression analysis with control variables

Q : What price should dd set to maximize profits

Q : Calculate the npv and irr

Q : Computing amount of bad debts using t account model

Q : Pearson correlation coefficient test

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