The writer is very fast, professional and responded to the review request fast also. Thank you.
Gladson Corporation accrues bad debt expense using the percentage ofsales method. At the end of the year, Gladson has $450,000 in accountsreceivable and $4,000 in its allowance for doubtful accounts before anyentry is made for bad debts. Sales for the year were $1,900,000. Thepercentage that Gladson has historically used to calculate bad debts is 1percent of sales. Which of the following is true?a. Gladson’s bad debt expense for the year is $500.b. The percentage of sales method is designed to achieve an accuratebalance sheet presentation of the net realizable value of accountsreceivable.c. Gladson would report an allowance for doubtful accounts of$23,000.d. Gladson would need to make an adjustment because the $4,000remaining balance in the allowance for doubtful accounts indicatesthey estimated wrong last year.
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more