Antonov Company provided the following accounts abstracted from the unadjusted trial balance on December 31, 2022: Debit 2,500,000 20,000 Credit Accounts receivable Allowance for doubtful accounts Sales 10,000,000 The company estimated that 4% of the gross accounts receivable will become uncollectible. 48. What amount should be reported as allowance for doubtful accounts on December 31, 2022? c. 120,000 d. 280,000 a. 80,000 b. 100,000 49. What amount should be recognized as doubtful accounts expense for the year 2022? c. 120,000 d. 280,000 a. 80,000 b. 100,000

Antonov Company provided the following accounts abstracted from the unadjusted trial balance on December 31, 2022: Debit 2,500,000 20,000 Credit Accounts receivable Allowance for doubtful accounts Sales 10,000,000 The company estimated that 4% of the gross accounts receivable will become uncollectible. 48. What amount should be reported as allowance for doubtful accounts on December 31, 2022? c. 120,000 d. 280,000 a. 80,000 b. 100,000 49. What amount should be recognized as doubtful accounts expense for the year 2022? c. 120,000 d. 280,000 a. 80,000 b. 100,000

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter6: Investing And Financing Activities

Section: Chapter Questions

Problem 3.5C

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More Info bay S per month in 2021. (Round to Derea Gompriuntlng Kiompind Presien Facfor Given 1.0000 Q 4808 0,3080 1.0800 0.9259 1.0000 0.9259 1.0800 1 7833 0.5608 0.3880 0 3019 0.2505 0.2163 0. 1921 0.1740 0.1601 2 1.1664 0.8573 2.0800 0.7938 0.7350 0.6806 0,6302 0.5835 3.2464 2.5771 3.3121 3.9927 3 1,2597 1.3605 1.4693 0.2219 0.1705 4 4.5061 5.8656 73359 8.9228 0.1363 0.1121 0 0940 0.0801 9. 1.5869 4 6229 5.2064 5.7466 6 2459 6.7101 1.7138 0.5403 0.5002 0.4632 10 6366 12.4876 14. 4866 8 1.8509 9 1.9990 10 2.1589 0.0690 0.1490 Print Done in the answer box.