ACC 205 Week 2 Exercise 8 Allowance method estimation and balance sheet disclosure

estimation and balance sheet disclosureAllowance method: estimation and balance sheet disclosure. The following pre-­adjusted information for the Maverick Company is available on December 31:Accounts receivable $107,000Allowance for uncollectible accounts 5,400 (credit balance)Credit sales 250,000Prepare the journal entries necessary to record Maverick’s uncollectible accounts expense under each of the following assumptions:(1) Uncollectible accounts are estimated to be 5% of Credit Sales.(2) Uncollectible accounts are estimated to be 14% of Accounts Receivable.How would Maverick’s Accounts Receivable appear on the December 31 balance sheet under assumption (1) of part (a)?How would Maverick’s Accounts Receivable appear on the December 31 balance sheet under assumption (2) of part (a)?How would Maverick’s Accounts Receivable appear on the December 31 balance sheet under assumption (2) of part (a)? Follow this link to get a similar paper written from scratchPlace an order for this assignment or any other paper with us. We guarantee that the paper will be delivered within the specified deadline. We also have a personalized customer support and you will be able to communicate with your writer throughout the order preparation process. Thank you for choosing us.

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

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.

Money-back guarantee

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 more

Zero-plagiarism guarantee

Each 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 more

Free-revision policy

Thanks 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 more

Privacy policy

Your 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 more

Fair-cooperation guarantee

By 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