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Chapter 7 - Accounts Receivable(BSAD 30)questions with verified answers
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Chapter 7 - Accounts Receivable(BSAD 30)questions with verified answers
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Chapter 7 - Accounts Receivable(BSAD30)questions with verified answers
If ABC uses the Percentage of Sales Methodology of providing for bad debt expense, what would be the
increase to Bad Debt Expense as a result of July Sales? - correct answer ✔✔40000
If ABC uses the Percentage of Sales Methodology of providing for bad debt expense, what is the balance
in the Allowance for Doubtful Accounts AFTER the bad debt expense entry in July? - correct answer
✔✔45000
If ABC uses the Aging of A/R to provide for bad debt expense, what is the increase to Bad Debt Expense
in July based on the information provided? - correct answer ✔✔29000
If ABC uses the Aging of A/R to provide for bad debt expense, what is the balance in the Allowance for
Doubtful Accounts AFTER the bad debt expense entry in July? - correct answer ✔✔34000
If ABC uses the Percentage of Sales Methodology of providing for bad debt expense, what would be the
increase to Bad Debt Expense as a result of July Sales? USE the NEW DATA! - correct answer ✔✔40000
If ABC uses the Percentage of Sales Methodology of providing for bad debt expense, what is the balance
in the Allowance for Doubtful Accounts AFTER the bad debt expense entry in July? USE the NEW DATA! -
correct answer ✔✔35000
If ABC uses the Aging of A/R to provide for bad debt expense, what is the increase to Bad Debt Expense
in July based on the information provided? USE the NEW DATA! - correct answer ✔✔39000
If ABC uses the Aging of A/R to provide for bad debt expense, what is the balance in the Allowance for
Doubtful Accounts AFTER the bad debt expense entry in July? USE the NEW DATA! - correct answer
✔✔34000
If ABC had to write off a $4,000 customer account due to uncollectibility, what would be the impact on
bad debt expense? - correct answer ✔✔0
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