Smart Calendars is a new business
During its first year of operations, credit sales were $40,000, and collections of credit sales were $36,000. One account, $650, was written off. Using the aging-of-receivables method, management calculates $200 as its estimate of uncollectible amounts at year end. Prepare the journal entry to record bad debts expense.
What will be an ideal response
Bad Debts Expense 850
Allowance for Bad Debts 850 .Calculations: $200 + $650 = $850
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Which of the following does NOT help develop effective listening skills?
A) Doodling while the person is talkingB) Adopting an attitude that you will always have something to learnC) Waiting until the person is done speaking before asking questionsD) Reading body language