Answer:
Dr Bad Debt Expense 16,120
Cr Allowance for Uncollectible Accounts 16,120
Explanation:
Based on the information given we were told that the company provides services of the amount of $255,000 in which the cash collections on the accounts was the amount of $131,000 and 13% of accounts receivable will be uncollectible which means that the adjusting Journal entry for uncollectible accounts on December 31, 2021 will be :
Preparation of the adjusting Journal entry for uncollectible accounts on December 31, 2021.
December 31,2021
Dr Bad Debt Expense 16,120
Cr Allowance for Uncollectible Accounts 16,120
[($255,000-$131,000)*13%]
$124,000*13%
=$16,120
Idk so you need to ask somebody else because I’m really dumb and I don’t have the answer for u
Answer:When countries trade, their consumers have access to raw goods at cheaper prices, workers will produce better goods for export, and countries will become Richer..
Answer:
Learning to know and recognize the Anatomy of the Nail is very important, whether for those who work in the Nails sector and every day must take care (even if only Aesthetically) of the Nails of their Customers, and for those who are simply passionate to the topic or prefer to independently take care of their Hands and Feet!
Explanation:
Answer: You need to subtract the following then add what you have left.
Explanation: For example if you had $300 and you spent 200 you have $100 left
