Solved

TechCom Ages Its Accounts Receivables to Determine the End of the Period

Question 71

Multiple Choice

TechCom ages its accounts receivables to determine the end of the period adjustment for bad debts. At the end of the year, management estimated that $12,750 of theaccounts receivable balances would be uncollectible. The Allowance for DoubtfulAccounts had a debit balance of $175. What entry should TechCom make at the end of the year, for the estimated bad debts expense?


A) TechCom ages its accounts receivables to determine the end of the period adjustment for bad debts. At the end of the year, management estimated that $12,750 of theaccounts receivable balances would be uncollectible. The Allowance for DoubtfulAccounts had a debit balance of $175. What entry should TechCom make at the end of the year, for the estimated bad debts expense? A) B) C) D) E)
B) TechCom ages its accounts receivables to determine the end of the period adjustment for bad debts. At the end of the year, management estimated that $12,750 of theaccounts receivable balances would be uncollectible. The Allowance for DoubtfulAccounts had a debit balance of $175. What entry should TechCom make at the end of the year, for the estimated bad debts expense? A) B) C) D) E)
C) TechCom ages its accounts receivables to determine the end of the period adjustment for bad debts. At the end of the year, management estimated that $12,750 of theaccounts receivable balances would be uncollectible. The Allowance for DoubtfulAccounts had a debit balance of $175. What entry should TechCom make at the end of the year, for the estimated bad debts expense? A) B) C) D) E)
D) TechCom ages its accounts receivables to determine the end of the period adjustment for bad debts. At the end of the year, management estimated that $12,750 of theaccounts receivable balances would be uncollectible. The Allowance for DoubtfulAccounts had a debit balance of $175. What entry should TechCom make at the end of the year, for the estimated bad debts expense? A) B) C) D) E)
E) TechCom ages its accounts receivables to determine the end of the period adjustment for bad debts. At the end of the year, management estimated that $12,750 of theaccounts receivable balances would be uncollectible. The Allowance for DoubtfulAccounts had a debit balance of $175. What entry should TechCom make at the end of the year, for the estimated bad debts expense? A) B) C) D) E)

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q66: A method of estimating bad debts expense

Q67: A promissory note:
A)Is a written promise to

Q68: The Liccorish Pizza bought $5,000 worth of

Q69: Electron borrowed $75,000 from TechCom by signing

Q70: The amount of bad debt expense can

Q72: An accounting procedure that (1)estimates and reports

Q73: The materiality principle:
A)Permits use of the direct

Q74: A promissory note from a customer:
A)Is a

Q75: On December 31 of the current year,

Q76: When a maker of a note honours

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents