Both accounts have normal balances. the company uses the aging of accounts receivable method. its estimate of uncollectible receivables resulting from the aging analysis equals $8,350. what is the amount of bad debt expense to be recorded for the year?

$8,350

Explanation:

When an organization estimates its uncollectible receivables, the entries posted are credit to the doubtful debts accounts (a balance sheet account usually mapped to accounts receivable) and a debit to Bad Debt Expense.

As such, given that both accounts have normal balances and the company uses the aging of accounts receivable method, the result of the aging analysis used to estimate uncollectible receivables is the basis of what will be posted to the bad debt expense.

Hence bad debt expense for the year = $8,350

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

answerskimming;