It would be the merit rate wherein a <span>state assigns reflecting a company's stability or instability in employing the worker. In addition, the state most likely allocates points to its employees base on their individual performances in which it is measured with respect to the employee turnovers the have.</span>
The answer is B - They are headed by one person
Answer:
Debit to Bad Debts Expense for $4,600
Explanation:
Based on the information given we were told that the company's accounts receivable shows the amount of $8400 which was estimated to be uncollectible which means that If Allowance for Doubtful Accounts has the amount of $3800 as credit balance, the adjustment to record bad debts for the period will require a Debit to Bad Debts Expense for $4,600 calculated as
Bad Debts Expense=Accounts receivable-Allowance for Doubtful Accounts
Bad Debts Expense=$8,400-$3,800
Bad Debts Expense=$4,600
Answer:
Gain from the sale of this machine = $54
Explanation:
Sales price for the equipment = $497
Carrying amount of the equipment = $443
Lease term = 1 year
Estimated remaining useful life = 10 years
This is a type of Sale and lease back transaction. It is not a capital lease as the lease term (1 year) is not for the major period of remaining useful life (10 years) of equipment. No consideration will be given to annual lease payment and all the gain will be recognized immediately without deferment.
Gain from the sale of this machine = Sales price for the equipment - Carrying amount of the equipment
= $497 - $443
= $54.
Answer:
The answer is: debit Accounts Receivable $1,000; credit Sales $1,000; debit Cost of Goods Sold $400; and credit Merchandise Inventory $400
Explanation:
The journal records should be:
- Dr Accounts receivable 1,000
- Cr Sales revenue 1,000
- Dr Cost of goods sold 400
- Cr Merchandise inventory 400
Accounts receivable is an asset account, and when assets increase they are debited.
Sales revenue is a revenue account, and when revenue increases it is credited.
COGS is an expense account, and when expenses increase they are debited.
Merchandise inventory is an asset account, and when assets decrease they are credited.