英文会计题：销货百分比法

来源：百度知道 编辑：UC知道 时间：2024/06/14 13:03:34
Helig Company has a $150,000 balance in Accounts Receivable and a $1,000 debit balance in Allowance for Doubtful Accounts. Credit sales for the period totaled $900,000. What is the amount of the bad debt adjusting entry if Helig uses a percentage of receivables basis(at 10%)?

希望能给出计算过程，多谢了。
A $15000 B $14000 C $16000 D $15200

C

because it uses a percentage of receivables basis(at 10%)
its balance in Accounts Receivable is $150,000
so the amount of credit balance in Allowance for Doubtful Accounts should be:
$150,000×10%＝$15,000
but it have been $1,000 debit balance
then the amount of the bad debt adjusting entry is:
15,000＋1,000=16,000

C $16000

The require of Allowance for doubtful acc. for this period should be:
150,000*10%=15,000

Adjust Entry:
Dr:bad debt exp. 16000
Cr:Allowance for doubtful 15,000+1000=16000

Then the Allowance for doubtful ending balance will be
-1000(credit balance)+16000(adjust)=15000(require)

(900,000+150,000)*10%+1,000=106,000