Jack company provides for bad debt expense at the rate of 2% of
Acc 100
Jack Company provides for bad debt expense at the rate of 2% of credit sales. The following data are available for 2014:
| Allowance for doubtful accounts, 1/1/14 (Cr.) | $ | 12,000 | |
| Accounts written off as uncollectible during 2014 | 9,000 | ||
| Credit sales in 2014 | 1,200,000 |
The Allowance for Doubtful Accounts balance at December 31, 2014, should be
How it Works
1
It only takes a couple of minutes to fill in your details, select the type of paper you need (essay, term paper, etc.), give us all necessary information regarding your assignment.
2
Once we receive your request, one of our customer support representatives will contact you within 24 hours with more specific information about how much it'll cost for this particular project.
3
After receiving payment confirmation via PayPal or credit card – we begin working on your detailed outline, which is based on the requirements given by yourself upon ordering.
4
Once approved, your order is complete and will be emailed directly to the email address provided before payment was made!