题目
COMM_V 320 DD4 2025W1 ONLINE QUIZ 2 - Friday October 10, 2025 - CHAPTERS 4 & 6 - OPENS AT9:30 - 24 MINUTES - Requires Respondus LockDown Browser
单项选择题
The entry to provide for uncollectible accounts under the allowance method affects both the statement of income and the statement of financial position by
选项
A.decreasing expenses and decreasing the carrying amount of the accounts receivable.
B.increasing expenses and decreasing the carrying amount of the accounts receivable.
C.decreasing expenses and increasing the carrying amount of the accounts receivable
D.increasing expenses and increasing the carrying amount of the accounts receivable.
查看解析
标准答案
Please login to view
思路分析
Let's examine what happens when you record an entry for uncollectible accounts under the allowance method and how it impacts both the income statement and the balance sheet.
Option A: 'decreasing expenses and decreasing the carrying amount of the accounts receivable.' This would imply a reduction in expense, which is not co......Login to view full explanation登录即可查看完整答案
我们收录了全球超50000道考试原题与详细解析,现在登录,立即获得答案。
类似问题
Benson Company estimates its uncollectible accounts by aging its accounts receivable and applying percentages to various aged categories of accounts. Benson computes a total of $1,800 in estimated uncollectible accounts as of December 31. Its Accounts Receivable account has a balance of $56,400 and its Allowance for Doubtful Accounts has a balance of $300 before adjustment at December 31. How much bad debt expense will Benson report in the current year?
Calistoga Produce estimates bad debt expense at 0.60% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $481,000 and $1,520 respectively, at December 31, 2026. During 2027, Calistoga's credit sales and collections were $315,000 and $311,000, respectively, and $1,860 in accounts receivable were written off. Calistoga's 2027 bad debt expense is:
Geller Company analyzes its accounts receivable at December 31, 2019, and arrives at the aged categories below along with the percentages that are estimated as uncollectible. Age Group Accounts Receivable Estimated Loss Current (not past due) $750,000 0.5% 1 - 30 days past due $270,000 1% 31 - 60 days past due $60,000 2% 61 - 120 days past due $33,000 5% 121 - 180 days past due $18,000 10% Over 180 days past due $12,000 25% Total accounts receivable $1,143,000 At the beginning of 2019, there was a credit balance of $13,050 in the Allowance for Uncollectible Accounts. During the year, Geller company wrote off $15,850 in receivables as uncollectible.What will Geller report for its 2019 Bad Debt Expense?$
Geller Company analyzes its accounts receivable at December 31, 2019, and arrives at the aged categories below along with the percentages that are estimated as uncollectible. Age Group Accounts Receivable Estimated Loss Current (not past due) $750,000 0.5% 1 - 30 days past due $270,000 1% 31 - 60 days past due $60,000 2% 61 - 120 days past due $33,000 5% 121 - 180 days past due $18,000 10% Over 180 days past due $12,000 25% Total accounts receivable $1,143,000 At the beginning of 2019, there was a credit balance of $13,050 in the Allowance for Uncollectible Accounts. During the year, Geller company wrote off $17,650 in receivables as uncollectible.What will Geller report for its 2019 Bad Debt Expense?$
更多留学生实用工具
希望你的学习变得更简单
加入我们,立即解锁 海量真题 与 独家解析,让复习快人一步!