Answered

Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

Conroy Company uses the allowance method to account for bad debts. During the year, Conroy determined that a balance of $200 from Alegia Co. was uncollectible and wrote the balance off. What is the total decrease to net income related to this entry

Sagot :

Tundexi

Because the balance of $200 from Alegia Co. was uncollectible and wrote off, then, the total decrease to net income related to this entry will be $0

What are Uncollectible debt?

An uncollectible debt also called an accounts uncollectible refers tp receivables, loans or debts that have no chance of being paid.

In conclusion, the total decrease to net income related to this entry will be $0 as the balance of $200 from Alegia Co. was uncollectible and wrote off.

Read more about uncollectible debt

brainly.com/question/24871617

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.