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Lelechka [254]
2 years ago
12

True or False: While monitoring any online conversations about its brand, a company should also monitor the search results that

appear on terms related to its brand. True False
Business
1 answer:
aksik [14]2 years ago
7 0
True. i really hope this helps you :)
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Pincus Associates uses the allowance method to account for bad debts. During 2021, its first year of operations, Pincus provided
Gemiola [76]

Answer:

What journal entry did Pincus record to write off uncollectible accounts during 2021

Dr Allowance for Uncollectible Accounts $ 6,300

Cr Accounts receivable $ 6,300

What journal entry did Pincus record to recognize bad debt expense for 2021?

Dr Bad Debt Expense $ 8,040

Cr Allowance for Uncollectible Accounts $ 8,040

Explanation:

Pincus provided a total of $156,000 of services on account.  

Dr Accounts receivable $ 156,000

Cr Sales $ 156,000

In 2021, the company wrote off uncollectible accounts of $6,300  

Dr Allowance for Uncollectible Accounts $ 6,300

Cr Accounts receivable $ 6,300

By the end of 2021, cash collections on accounts receivable totaled $132,300.  

Dr Cash $ 132,300

Cr Accounts receivable $ 132,300

Balances on Accounts 31.12.2012 before adjustment  

Accounts receivable CREDIT $ 17,400

Allowance for Uncollectible Accounts DEBIT $ 6,300

Pincus estimates that 10% of the accounts receivable balance at 12/31/2021 will prove uncollectible.  

Dr Bad Debt Expense $ 8,040

Cr Allowance for Uncollectible Accounts $ 8,040

If the company applies the allowance method, it means that the account Allowance for Uncollectible Accounts must show as balance the % of estimated value.

Because the company already has a DEBIT balance ($6,300) in the Allowance for Doubtful Accounts  it's necessary to register an entry that COMPLEMENT ($8,040) the existing value and reflect the value estimated as bad debts ($1,740).

Bad Debt Expense = $8,040 - $6,300 = $1,740

It's necessary to reflect $1,740 in the Allowance for Uncollectible Accounts as Credit, so we need an entry of $8,040.

7 0
3 years ago
If a check correclty written and paid by the bank is incorrectly recorded in the company;s's books for $794 how should this erro
worty [1.4K]

If a check correctly written and paid by the bank for $749 is incorrectly recorded in the company's books for $794,  this error be treated on the bank reconciliation--- Subtract $45 from the book balance.

What is bank reconciliation?

Bank Reconciliation is an important process in accounting in which organizations match their bank statements with the transactions that are recorded in their general ledger. Preparing a bank reconciliation statement helps businesses to eliminate possible errors in transactions or bookkeeping

What is the journal entry for bank reconciliation?

The journal entries for the bank fees would debit Bank Service Charges and credit Cash. The journal entry for a customer's check that was returned due to insufficient funds will debit Accounts Receivable and will credit Cash.

Learn more about bank reconciliation :

brainly.com/question/15525383

#SPJ4

6 0
1 year ago
Super Computer Company's stock is selling for $100 per share today. It is expected that, at the end of one year, it will pay a d
lesantik [10]

Answer: A. 20%

Explanation:

The expected return takes into account whatever dividends and capital gains accrue to a stock over the period.

Expected return = (Price at end of period + Dividends - Price at beginning of period) / Price at beginning of period

= (114 + 6 - 100) / 100

= 20/100

= 20%

5 0
3 years ago
Which candidate will most likely get the job?
FromTheMoon [43]

A design firm wants to hire a senior manager to oversee its  architecture division.The design firm will hire -Hayley has been a manager for a decade  designed many buildings as an Architect  has supervised projects for clients

Explanation:

The design firm will hire Hayley for the position of senior manager in its architecture division because Haley has already hold the managerial position as well he has supervised many Architectural projects and has also designed many buildings ,so Hayley has the right  job experience that is required for the  senior manager position.

Considering other applicants we see that Samuel has experience only in designing the building not experience related to supervision and have not even held a managerial position.Rhonda is a mechanical engineer and have experience in designing building but does not have a prior experience in in holding any managerial or supervisory position.The same holds true with Enrique also.

so the correct answer is  Hayley is the most appropriate candidate.

5 0
3 years ago
Read 2 more answers
To avoid financial worry, keep the cost of housing (including mortgage, interest, insurance, and property taxes ) below_______of
IgorLugansk [536]
Pretty sure it’s D.
5 0
3 years ago
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