掃碼下載APP
及時接收最新考試資訊及
備考信息
At January 1, 1994, Jamin Co. had a credit balance of $260,000 in its allowance for uncollectible accounts. Based on past experience, 2% of Jamin's credit sales have been uncollectible. During 1994, Jamin wrote off $325,000 of uncollectible accounts. Credit sales for 1994 were $9,000,000. In its December 31, 1994, balance sheet, what amount should Jamin report as allowance for uncollectible accounts?
a. $440,000
b. $180,000
c. $115,000
d. $245,000
答案:C
Explanation
Choice "c" is correct. Under the percentage of credit sales approach, uncollectible accounts expense would be debited and allowance for uncollectible accounts would be credited for $180,000 (2% x $9,000,000). For accounts written off, allowance for uncollectible accounts would be debited and accounts receivable would be credited for $325,000. The December 31, 1994 allowance for uncollectible accounts balance would be $115,000 ($260,000 + $180,000 - $325,000).
Choice "b" is incorrect. $180,000 is the 1994 addition to the allowance for uncollectible accounts recognized under the percentage of credit sales method. It does not represent the balance of the account at year-end.
Choice "d" is incorrect. This calculation incorrectly debits the allowance for uncollectible accounts for the $180,000 adjustment.
Choice "a" is incorrect. This calculation does not reduce (debit) the allowance for uncollectible accounts for the $325,000 of accounts written off.
Copyright © 2000 - m.electedteal.com All Rights Reserved. 北京正保會計科技有限公司 版權所有
京B2-20200959 京ICP備20012371號-7 出版物經營許可證 京公網安備 11010802044457號
套餐D大額券
¥
去使用 主站蜘蛛池模板: 久久久久久高清 | 国内免费av | 欧美激情综合五月色丁香小说 | 国产高清久久久 | 亚洲精品日韩在线 | 99小视频| 毛片在线免费播放 | 国产一区二区三区精品在线观看 | 日韩av电影在线免费观看 | 91黄色在线观看 | 国产精品久久亚洲7777 | 在线免费看黄 | 91精品国产九九九久久久亚洲 | 日韩视频在线免费观看 | 欧美成人精品一区二区三区在线看 | 亚洲一区在线免费 | 91精品国产99久久久久久 | 成人欧美一区二区 | 一区二区三区四区视频在线 | 国产高清一区二区三区 | 精品电影一区 | 成人不卡一区二区 | 国内av毛片 | 亚洲在看 | 国产成人精品一区 | 一级黄色毛片视频 | 亚洲一区二区三区日韩 | 免费黄色小视频 | 天天爽夜夜爽夜夜爽精品视频 | 欧美大片一区二区三区 | 国产精品欧美在线 | 日韩精品在线一区 | 国产精品国色综合久久 | 欧美日韩在线不卡 | 欧美精品导航 | 欧美a区| 久久久精品网 | 一区二区三区高清不卡 | 超碰在线网站 | 日韩中文在线 | 国产综合区 |