英文会计题:销货百分比法Helig Company has a $150,000 balance in Accounts Receivable and a $1,000 debit balance in Allowance for Doubtful Accounts. Credit sales for the period totaled $900,000. What is the amount of the bad debt adjusting
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英文会计题:销货百分比法Helig Company has a $150,000 balance in Accounts Receivable and a $1,000 debit balance in Allowance for Doubtful Accounts. Credit sales for the period totaled $900,000. What is the amount of the bad debt adjusting
英文会计题:销货百分比法
Helig Company has a $150,000 balance in Accounts Receivable and a $1,000 debit balance in Allowance for Doubtful Accounts. Credit sales for the period totaled $900,000. What is the amount of the bad debt adjusting entry if Helig uses a percentage of receivables basis(at 10%)?
希望能给出计算过程,多谢了.
A $15000 B $14000 C $16000 D $15200
英文会计题:销货百分比法Helig Company has a $150,000 balance in Accounts Receivable and a $1,000 debit balance in Allowance for Doubtful Accounts. Credit sales for the period totaled $900,000. What is the amount of the bad debt adjusting
C
because it uses a percentage of receivables basis(at 10%)
its balance in Accounts Receivable is $150,000
so the amount of credit balance in Allowance for Doubtful Accounts should be:
$150,000×10%=$15,000
but it have been $1,000 debit balance
then the amount of the bad debt adjusting entry is:
15,000+1,000=16,000