Accounting?
An aging of a company's accounts receivable indicates that $3,000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 debit be a foil for, the adjustment to record impossible debts for the period will require a ________.A.) debit to Bad Debt Expense for $4,200
B.) debit to Bad Debts Expense for $3,000
C.) debit to Bad Debts Expense for $1,800
D.) credit to Allowance for Doubtful Accounts for $4,000
Answers: There will be an adjustment of a debit of unpromising debts expense of $4,200. The journal entry here would be debit: desperate debts expense $4,200 and credit allowance for doubtful accounts $4,200. Since Allowance for Doubtful has a debit set off of $1,200, we should add $1,200 as credit adjustment and $3,000 estimated uncollectible accounts. Because the run of the mill balance of Allowance for Doubtful accounts is credit, crediting $4,200 will counter the $1,200 debit balance and would show an culmination credit balance of $3,000 which is the required set off of allowance for doubtful accounts.
a
if your current balance is a debit of 1200 and you are estimating an spare 3000 debit then your be a foil for will be for 4200
if your estimated debit is less than the 3000 later a credit entry will be made for the difference between the actual and estimated
make sense?
Help near accounting Please?
Donovan Company uses the estimate based on analysis of receivables to story for uncollectible accounts. The company has determined that the Irish Company rationalization is uncollectible. To write-off this account, Donovan should debit ________.A.) Uncollectible Accounts Expense and credit Accounts Receivable
B.) Uncollectible Accounts Expense and credit Allowance for Doubtful Accounts
C.) Allowance for Doubtful Accounts and credit Accounts Receivable
D.) Accounts receivable and credit Allowance for Doubtful Accounts
Answers: c
How impossible will a foreclosure contained by my checking, do it hurt my credit?
I call the sandbank because my check card didnt work in the atm. So they told "My checking depiction that they will foreclosure but not on my saving vindication?" Why is that?Answers: You can't get a checking out foreclosed on, foreclosure is the permissible process of a bank selling a property to wage for a mortgage that has be defaulted.
The ridge can close your bank commentary if there is some apology. If you bounce too many checks, or own your account seized by a creditor, consequently you will limited access to the details.
You should call the sandbank and find out what they mean by foreclosure, or specify if your house is also surrounded by foreclosure. If your bank report and mortgage are with duplicate company, then that may complicate things. But it's not clear what you really propose.
Good luck.
ForeclosureFish
i believe a court has placed a lien on your checking narrative. Did you miss a court date?
call an attorney
that manner you have overdrawn on your vindication excessively
you need to find out if you can apply for a chain of credit on your checking account
if your vindication isn't cleared up it will be reported to the Chexsystem and this will prevent you from opening an picture at other banks until its remunerated