Question: help with 28 and 29 please QUESTION 28 The allowance method that assumes a given percent of a company's crear sales for the period is
QUESTION 28 The allowance method that assumes a given percent of a company's crear sales for the period is uncollectible is: The percent of sales method. The aging of accounts receivable method. Factoring method. The percent of accounts receivable method. Direct write-off method. QUESTION 29 A company has $90,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Experience suggests that 4% of rece bles are uncollectible. The current balance (before adjustments) in the allowance for doubtful accounts is an $800 debit. The journal entry to record the adjustment to the allowance account includes a debit to Bad Debts Expense for: $3,568 $3,632 $4,400 $3,600 $2,800 Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All
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