Answer:
Explanation:
The journal entries are shown below:
On January 31
Allowance for doubtful accounts A/c Dr $800
To Account receivable A/c $800
(Being the written off amount is recorded)
On January 31
Account receivable A/c Dr $300
To Allowance for doubtful accounts A/c $300
(Being the reverse entry is made)
On March 9
Cash A/c Dr $300
To Accounts receivable A/c $300
(Being the amount is collected)
Federal reserve notes are the marks on money like the serial number, U.S emblems, and the signatures. They show that the money is an American Dollar.
Answer:
The answer is A. $5,784,000
Explanation:
[(1.08)/(1.11)] -1 = -3.6%
Thus one year forward rate is 0.60*[1 +(0.036)] = $5784
$5784 * 10 000 000= <u>$5,784,000</u>
Answer:
$38,000
Explanation:
The computation of the cost of the land is shown below:
= Purchase price of land + closing cost + removal cost of an old building
= $26,300 + $1,300 + $10,400
= $38,000
In order to find out the cost of the land, we simply added the purchase value of land, its closing cost and the removal cost of an old building
