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NEW QUESTION: 1
An analysis of an entity's US $150,000 accounts receivable at year-end resulted in a US $5,000 ending balance for its allowance for uncollectible accounts and a bad debt expense of US $2,000. During the past year recoveries on bad debts previously written off were correctly recorded at US $500. If the beginning balance in the allowance for uncollectible accounts was US $4,700. What was the amount of accounts receivable written off as uncollectible during the year?
A. US $2,200
B. US $2,800
C. US $1,800
D. US $1,200
Answer: A
Explanation:
Under the allowance method, uncollectible accounts are written off by a debit to the allowance account and a credit to accounts receivable. The US $500 bad debts is accounted for by a debit to accounts receivable and a credit to the allowance account. The US $2,000 bad debt expense is also credited to the allowance account. The amount of accounts receivable written off as uncollectible is US $2,200 [$5,000 ending allowance $4.700 beginning allowan,.8 + $500 recoveries + $2,000 bad debt expense)].
NEW QUESTION: 2
Answer:
Explanation:
Explanation
NEW QUESTION: 3
A. Option C
B. Option A
C. Option E
D. Option F
E. Option B
F. Option D
Answer: A,C,E
Explanation:
Explanation
CDP (Cisco Discovery Protocol) is a proprietary protocol designed by Cisco to help administrators collect information about both locally attached and remote devices. By using CDP, you can gather hardware and protocol information about neighbor devices containing useful info for troubleshooting and documenting the network.
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