Business, 09.04.2020 22:06 annsmith66
Allowance for Doubtful Accounts has a credit balance of $800 at the end of the year (before adjustment), and an analysis of accounts in the customer ledger indicates that the estimated amount of uncollectible accounts should be $16,000. Based on the estimate above, which of the following adjusting entries should be made?
a. debit Bad Debt Expense, $15,200; credit Allowance for Doubtful Accounts, $15,200
b. debit Allowance for Doubtful Accounts, $800; credit Bad Debt Expense, $800
c. debit Bad Debt Expense, $16,800; credit Allowance for Doubtful Accounts, $16,800
d. debit Bad Debt Expense, $800; credit Allowance for Doubtful Accounts, $800
Answers: 2
Business, 21.06.2019 20:30
Which of the following statements is correct? a) one drawback of forming a corporation is that it generally subjects the firm to additional regulationsb) one drawback of forming a corporation is that it subjects the firms investors to increased personal liabilitiesc) one drawback of forming a corporation is that it makes it more difficult for the firm to raise capitald) one advantage of forming a corporation is that it subjects the firm's investors to fewer taxese) one disadvantage of forming a corporation is that it is more difficult for the firm's investors to transfer their ownership interests
Answers: 1
Business, 22.06.2019 05:20
Social computing forces companies to deal with customers as opposed to
Answers: 2
Business, 22.06.2019 14:00
Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $
Answers: 3
Business, 23.06.2019 08:40
Suppose a movie theater determines it can charge different prices to patrons who go to weekday matinees and people who attend evening and weekend shows . the movie theater's goal is to increase total revenue. the price elasticity of demand for weekend and evening patrons is -0.40, and the price elasticity of demand for matinee moviegoers is -1.90. based on the price elasticity of demand for each group of people, how should the movie theater adjust its prices?
Answers: 3
Allowance for Doubtful Accounts has a credit balance of $800 at the end of the year (before adjustme...
Chemistry, 24.11.2020 18:00
English, 24.11.2020 18:00
English, 24.11.2020 18:00
Mathematics, 24.11.2020 18:00
Computers and Technology, 24.11.2020 18:00
French, 24.11.2020 18:00
English, 24.11.2020 18:00
Computers and Technology, 24.11.2020 18:00
History, 24.11.2020 18:00
Mathematics, 24.11.2020 18:00
Mathematics, 24.11.2020 18:00