quiz - Question 1 0.5 out of 0.5 points Trista had a...

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Question 1 0.5 out of 0.5 points Trista had a January 1, 2009 balance in the Allowance for Doubtful Accounts of $10,000 and a balance in the sales account of $200,000. During 2009, Trista wrote of $7,200 of accounts and collected $2,100 on accounts previously written off. The balance in Accounts Receivable was $200,000 at January 1 and $240,000 at December 31. At December 31, 2009, Trista estimates that 1% of sales will prove to be uncollectible. What is the bad debt expense for 2009? Answer Selected Answer: Correct Answer: Question 2 0.5 out of 0.5 points Sarah had the following account balances at year end: Sales Sales discounts Accounts receivable Allowance for doubtful accounts If the estimates of uncollectibles is made by taking 1.5% of net sales, the amount of bad debt expense is? Answer Selected Answer: Correct Answer: Question 3 0.5 out of 0.5 points
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Rocket Corporation had a January 1, 2009 balance in the Allowance for Doubtful Accounts of $12,000. During 2009, Rocket wrote off $8,640 of accounts and
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This note was uploaded on 10/19/2010 for the course ACCOUNTING Finance 23 taught by Professor Bob during the Winter '10 term at Wayne State University.

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quiz - Question 1 0.5 out of 0.5 points Trista had a...

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