Ask Question
23 February, 07:06

The allowance for bad debts account has a credit balance of $8,000 before the adjusting entry for bad debts expense. after analyzing the accounts in the accounts receivable subsidiary ledger using the aging-of-receivables method, the company's management estimates that uncollectible accounts will be $15,000. what will be the balance of the allowance for bad debts reported on the balance sheet

+3
Answers (1)
  1. 23 February, 10:24
    0
    the balance of the allowance for bad debts reported on the balance sheet = 15,000
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The allowance for bad debts account has a credit balance of $8,000 before the adjusting entry for bad debts expense. after analyzing the ...” 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