ACC804 - Allowance & Aging
10th Grade - Professional Development
•13 Qs
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QUIZ 3 : ACCOUNTING FOR RECEIVABLES
1st Grade - University
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ACC804 - Allowance & Aging
Quiz
•
Professional Development
•
10th Grade - Professional Development
•
Hard
Maryam Sanad
Used 2+ times
FREE Resource
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The journal entry to record on January 31,2020 will be:
dr.Allowance for Doubtful Account 1700 / cr.Bad Debts Expense 1700
dr.Allowance for Doubtful Account 340 / cr.Bad Debts Expense 340
dr. Bad Debts Expense 340 / cr.Allowance for Doubtful Account 340
dr. Bad Debts Expense 1780 / cr.Allowance for Doubtful Account 1780
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The journal entry to record on February 19, 2020 will be:
dr.Allowance for Doubtful Account 340 / cr.Account Receivable 340
dr.Allowance for Doubtful Account 340 / cr.Bad Debts Expense 340
dr. Bad Debts Expense 340 / cr.Allowance for Doubtful Account 340
dr. Account receivable 340 / cr.Allowance for Doubtful Account 340
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The journal entry to record on March 23,2020 will be:
dr.Allowance for Doubtful Account 340 / cr.Bad Debts Expense 340
dr. Account receivable 340 / cr.Allowance for Doubtful Account 340
dr. Bad Debts Expense 340 / cr.Allowance for Doubtful Account 340
dr.Allowance for Doubtful Account 340 / cr.Account Receivable 340
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The journal entry to record on April 1,2020 will be:
dr. Bad Debts Expense 2090/ cr.Account Receivable 2090
dr.Account Receivable 15300 / cr.Bad Debts Expense 15300
dr.Account Receivable 1400 / cr.Bad Debts Expense 1400
dr. Bad Debts Expense 1400/ cr.Account Receivable 1400
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The journal entry to record on April 28,2020 will be:
dr. Cash 1400/ cr.Account Receivable 1400
dr.Account Receivable 1400 / cr.Cash 1400
dr.Account Receivable 1400 / cr.Bad Debts Expense 1400
dr. Bad Debts Expense 1400/ cr.Account Receivable 1400
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The journal entry to record on April 28,2020 will be:
dr. Cash 1254/ cr.Account Receivable 1254
dr.Account Receivable 60 / cr.Cash 60
dr.Account Receivable 2090 / cr.Bad Debts Expense 2090
dr. Bad Debts Expense 15300/ cr.Account Receivable 15300
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The amount of bad debt expense of Talal Co. is:
BD150,000
BD25,500
BD510,000
BD4,800
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