Solved

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

Question 68

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 the accounts receivable balances would be uncollectible.The Allowance for Doubtful Accounts 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 the accounts receivable balances would be uncollectible.The Allowance for Doubtful Accounts 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 the accounts receivable balances would be uncollectible.The Allowance for Doubtful Accounts 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 the accounts receivable balances would be uncollectible.The Allowance for Doubtful Accounts 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 the accounts receivable balances would be uncollectible.The Allowance for Doubtful Accounts 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 the accounts receivable balances would be uncollectible.The Allowance for Doubtful Accounts 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

Q61: A 90-day note issued on July 10

Q64: The Liccorish Pizza bought $5,000 worth of

Q67: A promissory note from a customer
A) Is

Q68: During the current year, TechCom concluded that

Q69: The cash to be received at maturity

Q71: If the balance of the Allowance for

Q72: The amount of bad debt expense can

Q73: The person who signs a note receivable

Q77: A method of estimating bad debts expense

Q78: Electron borrowed $75,000 from TechCom by signing

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