Answer:
D. Changes in federal expenditures
Answer:
Discount amount = $97 and may 16
so correct option is c.$97, May 16
Explanation:
given data
sells merchandise on credit = $9,700
to find out
amount of the discount and up to what date must the invoice be paid in order for the buyer to take advantage of the discount
solution
we know here Invoice amount that is $9700
so here discount rate till 15 days is 1 %
so Discount amount will be
Discount amount = 1% of $9700
Discount amount = $97
so from 1 may up to 15 days i.e. may 16
so correct option is c.$97, May 16
Answer:
b.$1,150
Explanation:
Sales Collection $5,000*.98 $4,900
Payment of purchases $5,000*50% ($2,500)
Other payments $5,000*25% ($1,250)
Net Cash flow during a typical month $1,150
Answer and Explanation:
The Journal entry is shown below:-
Bad debts expense Dr, $2,000
To Accounts receivable-Hopkins $2,000
(Being write off is recorded)
Here we debited the bad debt expenses as it increased the expenses and we credited the accounts receivable as it reduced the assets so that the proper posting could be done
This is literally the question from right out of the book. Which the answer physically is into. It tells you to use the table on in your book to answer this question. We cant answer this due to not seeing the picture that is in the book.
