Answer:
Cost of goods sold = $8,800
Explanation:
<em>The cost of goods is represents amount incurred to make available what has been sold. It is computed as follows:</em>
<em>Cost of goods sold = opening stock + purchases - closing inventory</em>
It is useful to determine the cost of goods so as to calculate the gross profit margin. The gross profit is the sales revenue less cost of goods sold.
So we can compute same for the sporting equipment store as follows:
Cost of goods sold = 3,800 + 7,800 - 2,800
= $8,800
Cost of goods sold = $8,800
Answer:
Bad debt expense...................Dr $36,000
Allowance for doubtful debts $36,000
(To record uncollectibles)
Explanation:
Certain amount of credit sales that the manager estimates to be uncollectible is called bad debts. They are written off at the end of the year. As per allowance method, estimated uncollectibles or bad debts are charged to allowance for doubtful debts.
Here, $36,000 has been estimated by the manager as estimated uncollectible
Journal entry to record uncollectibles:
Particulars Debit Credit
Bad debt expense $36,000
Allowance for doubtful debts $36,000
(To record uncollectibles)
Answer:
Find attached trial balance as well the general ledgers prepared extracting trial balance
Explanation:
Preparation of trial balance could not be carried out straightaway , I had to first of all prepare the relevant ledgers before extracting trial balance.
A person powerfully feels that go off into debt is incorrect. This is an instance of the powerfulness of marketing and advertising.
<h3>What is marketing and advertising
?</h3>
Marketing is defined as the process of discovering a consumer's needs and selecting some effective mode to communicate those demands.
Advertising is the practice of marketing a business concern and its products or services through pay off channels. To put it another way, advertising is a part of marketing.
Marketing and advertising aggressively convinces everyone that going into debt is a bad idea.
Therefore, option C is correct.
Learn more about the marketing, refer to:
brainly.com/question/13414268
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