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ACC804 - Allowance & Aging

Authored by Maryam Sanad

Professional Development

10th Grade - Professional Development

Used 2+ times

ACC804 - Allowance & Aging
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13 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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The journal entry to record on January 31,2020 will be:

dr.Allowance for Doubtful Account 1700 / cr.Bad Debts Expense 1700

dr.Allowance for Doubtful Account 340 / cr.Bad Debts Expense 340

dr. Bad Debts Expense 340 / cr.Allowance for Doubtful Account 340

dr. Bad Debts Expense 1780 / cr.Allowance for Doubtful Account 1780

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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The journal entry to record on February 19, 2020 will be:

dr.Allowance for Doubtful Account 340 / cr.Account Receivable 340

dr.Allowance for Doubtful Account 340 / cr.Bad Debts Expense 340

dr. Bad Debts Expense 340 / cr.Allowance for Doubtful Account 340

dr. Account receivable 340 / cr.Allowance for Doubtful Account 340

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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The journal entry to record on March 23,2020 will be:

dr.Allowance for Doubtful Account 340 / cr.Bad Debts Expense 340

dr. Account receivable 340 / cr.Allowance for Doubtful Account 340

dr. Bad Debts Expense 340 / cr.Allowance for Doubtful Account 340

dr.Allowance for Doubtful Account 340 / cr.Account Receivable 340

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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The journal entry to record on April 1,2020 will be:

dr. Bad Debts Expense 2090/ cr.Account Receivable 2090

dr.Account Receivable 15300 / cr.Bad Debts Expense 15300

dr.Account Receivable 1400 / cr.Bad Debts Expense 1400

dr. Bad Debts Expense 1400/ cr.Account Receivable 1400

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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The journal entry to record on April 28,2020 will be:

dr. Cash 1400/ cr.Account Receivable 1400

dr.Account Receivable 1400 / cr.Cash 1400

dr.Account Receivable 1400 / cr.Bad Debts Expense 1400

dr. Bad Debts Expense 1400/ cr.Account Receivable 1400

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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The journal entry to record on April 28,2020 will be:

dr. Cash 1254/ cr.Account Receivable 1254

dr.Account Receivable 60 / cr.Cash 60

dr.Account Receivable 2090 / cr.Bad Debts Expense 2090

dr. Bad Debts Expense 15300/ cr.Account Receivable 15300

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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The amount of bad debt expense of Talal Co. is:

BD150,000

BD25,500

BD510,000

BD4,800

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