Hitachi, Ltd., reports total revenues of ¥10,000,369 million for its fiscal year ending March 31,…


Question Description:

29.99

Hitachi, Ltd., reports total revenues of ¥10,000,369 million for its fiscal year ending March 31,… 1 answer below » Hitachi, Ltd., reports total revenues of ¥10,000,369 million for its fiscal year ending March 31, 2009, and its March 31, 2009, unadjusted trial balance reports a debit balance for trade receivables (gross) of ¥2,179,764 million. a. Prepare the adjusting entry to record its Bad Debts Expense assuming uncollectibles are estimated to be 0.4% of total revenues and its unadjusted trial balance reports a credit balance of ¥10,000 million. b. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be 2.1% of year-end trade receivables (gross) and its View complete question » Hitachi, Ltd., reports total revenues of ¥10,000,369 million for its fiscal year ending March 31, 2009, and its March 31, 2009, unadjusted trial balance reports a debit balance for trade receivables (gross) of ¥2,179,764 million. a. Prepare the adjusting entry to record its Bad Debts Expense assuming uncollectibles are estimated to be 0.4% of total revenues and its unadjusted trial balance reports a credit balance of ¥10,000 million. b. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be 2.1% of year-end trade receivables (gross) and its unadjusted trial balance reports a credit balance of ¥10,000 million. View less » Jul 18 2014 01:00 PM

Answer

29.99