If a company uses a periodic inventory system, the gross profit ...

[cdr_15]

If a company uses a periodic inventory system, the gross profit method can be used to estimate inventory formonthly or quarterly statements.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Team Shirts had a balance in its allowance for uncollectible accounts of (200). Aging the accounts receivable showed that the allowance should be (1,800). Bad debts expense should be ________.
 
  A) 1,400
  B) 1,600
  C) 1,800
  D) 2,000

[trampas]

Answer to Question 1

True

Answer to Question 2

B

[cdr_15]

Excellent

[blakcmamba]

Thanks for the timely response, appreciate it