The journal entries are as follows
On December 31
Bad debt expense Dr $3,080 ($616,000 × 0.50%)
To Allowance for doubtful debts $3,080
(Being the estimated bad debt expense is recorded)
On Feb 01
Allowance for doubtful debts Dr $308
To Account receivable $308
(Being the written off amount is recorded)
On June 5
Account receivable $308
To Allowance for doubtful debts Dr $308
(Being the uncollected amount is recorded)
On June 5
Cash Dr $308
To Account receivable $308
(Being the cash received on account is recorded)
Answer:
$7,450
Explanation:
The computation of Salaries Payable is shown below:-
Gross Payroll $10,000
Less:
Federal income tax withheld $1,800
Social security rate at 6% -$600
Medicare rate at 1.5% -$150
Total deduction -$2,550
Salary Payable $7,450
We simply deduct three above taxes from the gross payroll so that we get to know for the salary payable amount
Answer:
The correct answer is (B)
Explanation:
In a situation where an investment adviser has adopted external business succession plan, and if the managing director dies the IA's client account will be managed by another IA Firm to which investment management has been transferred. Because of the external business succession plan the client account will be transferred to other IA firm to manage the funds.
Answer:That is, assets rise more slowly than GDP, and this drives the capital ratio up as GDP increases. Small banks also have a stronger relationship between capital ...
Explanation:
hope that helps
A project has a team member who routinely is not showing up to meetings or completing assignments. the appropriate place to capture this would be issue log.
<h3>What is issue log?</h3>
This is a register that contains all happening around a project.
Negative issues that affects that project is also recorded for reviews and furthermore deliberation.
Therefore,
Aproject has a team member who routinely is not showing up to meetings or completing assignments. the appropriate place to capture this would be issue log.
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