The percentage-of-receivables method
Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $30,000. If the balance of the Allowance for Doubtful Accounts is $4,000 credit before adjustment what is the amount of bad?
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Class, there seems to be a lot of agreement that budgets should not be too aggressive in order to keep goals attainable. But where is the fine line between a budget that is aggressive in order to see.
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On February 2, 2013, Alexandra purchases a personal computer for her home. The computer cost $3,000. Alexandra uses the computer 80 percent of the time in her accounting business, and the remaining 20 percent of the time for various personal uses.
BBB Corporation use a standard cost system in which it applies manufacturing overhead to products on the basis of machine hours. The company's standard requires 4 Hs for each unit produced.
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