Answer:
The journal entry is as follows:
On December 31,
Bad debt expense A/c Dr. $37,869
To Allowance for doubtful accounts $37,869
(To record the uncollectible accounts as of December 31)
Working notes:
Allowance for doubtful accounts:
= Allowance for Doubtful Accounts at December 31 + Debit balance of allowance for doubtful accounts as of December 31
= $32,094 + $5,775
= $37,869
Answer:
The retained earnings at end of 2022 is $740,500
Explanation:
In order to ascertain the balance of retained earnings at year end we need to first of all determine the net income in the current year.
The net income is sales revenue minus expenses
sales revenue is $604,000
expenses is $382,000
net income=$604,000-$382,000=$222,000
The closing retained earnings=opening retained earnings+net income-dividends
opening retained earnings is $653,000
dividends is $134,500
closing retained earnings=$653,000+$222,000-$134,500=$740,500
The financial activity that helps a company based in another country is : A. Foreign direct investment
Foreign direct investment is a type of investment in the form of ownership of a business entity by an entity in another country. For example : Berkshire Hathaway ownership of a an entity in Indonesia
None of the above because none of these make sense to be the answer
Answer:
D. Goldman Sachs
Explanation:
I had to look for a similar question to find the missing information. Goldman Sach's has a weight of 5.117738, while Apple's weight is 4.955504, Exxon Mobil's weight is 2.141696, while General Electric's is not included. Maybe it is not included because it is owned by a Chinese corporation since 2016.