Teller Inc reported an allowance for doubtful accounts of $30,000 (credit) at December 31 . 2013 . before performing an aging of accounts receivable. As a result of the aging, Teller Inc determined that an estimated $52,000 of the December 31 . 2013 . accounts receivable would prove uncollectible. The adjusting entry required at December 31 . 2013 . would be

a. Doubtful Accounts Expense ........... 22,000
Allowance for Doubtful Accounts ... 22,000
b. Allowance for Doubtful Accounts ..... 22,000
Accounts Receivable ............... 22,000
c. Doubtful Accounts Expense ........... 52,000
Allowance for Doubtful Accounts ... 52,000
d. Allowance for Doubtful Accounts ..... 52,000
Doubtful Accounts Expense ......... 52,000


A

Business

You might also like to view...

Which of the following companies is most likely to be a threat to increasing sales or share in the short term?

A) a firm with a high ability to develop new products B) a firm with limited financial resources C) a firm with slack capacity D) a firm with broad product line

Business

Answer the following statements true (T) or false (F)

1. Programs that attempt to make up for past discrimination in employment are known as affirmative action programs.  2. One type of gender discrimination is known as quid pro quo.  3. Karen is a construction manager for the building of a large parking structure downtown. One day a group of steel workers whistled at her as she climbed a ladder. The men's actions created a hostile work environment.  4. External recruitment is the process of locating and attracting qualified applications for jobs open in the organization. 

Business

Period cost and product cost are synonymous terms

Indicate whether the statement is true or false

Business

For most interview situations, which of the following tips will serve you well?

A. Wear your best jewelry to show your fashion sense. B. Plan to arrive? early, but? don't approach the reception desk until 15 minutes or so before your appointed time. C. Come up with a unique way to show your individuality. D. Women should wear a conservative business suit and men should wear a dark? solid-color suit with a white shirt for more formal environments. E. Wear the latest designer perfume or cologne.

Business