Business Finance
accounting queston 2

Question Description

i am stuck on the following problem. here is a pic of the problem

http://imgur.com/XHJfvMh

use this following link as a guide on how to show all work/how u got the answers

https://www.studypool.com/free/157147/accounting-q...

thanks in advance

Final Answer

D=$4240

+opening allowance for dis allowance= nil

-Bad debt for year                                =nil

-closing allowance for dis allowance  =8% on sale account

     =8%*($53,000)

     =$4,240

Amount of uncollected amount recognized during the year(balancing figure)=$4,240

UT Austin

Anonymous
Top quality work from this tutor! I’ll be back!

Anonymous
It’s my second time using SP and the work has been great back to back :) The one and only resource on the Interwebs for the work that needs to be done!

Anonymous
Thanks, good work

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors