Ask Question
2 January, 08:39

Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of (a) 4% of gross accounts receivable and (b) 5% of gross accounts receivable and Allowance for Doubtful Accounts has a $1,700 credit balance.

+2
Answers (1)
  1. 2 January, 12:22
    0
    (a) estimated bad debts is $42,500

    (b) estimated bad debts is $34,000

    Explanation:

    (a) 1,700/4% = 42,500

    (b) 1,700/5%=34,000
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of (a) 4% of gross ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers