Answer:
a. Bad Debt Expense 5100 Allowance for Doubtful Accounts 5100
Explanation:
The adjusting entry is shown below:
Bad debt expense $5,100
To Allowance for doubtful debts $5,100
(Being the bad debt expense is recorded)
The computation is shown below:
= Account receivable × estimated percentage - credit balance of allowance for doubtful debts
= $170,000 × 5% - $3,400
= $8,500 - $3,400
= $5,100
In order to recording this transaction, we debited the bad debt expense as it increases the expenses account whereas at the same time it reduces the account receivable therefore the allowance for doubtful debts is credited
Answer:
1. Expansionary
2. Expansion
3. Recession
4. Recession
5. somewhere near the peak
6. Peak
7. Recession
8. T
9. Peak
10. Expansion/Recovery
True, because u want know how to do your business and see what u like in your business hope this help.
I’d go with D. all of the above
cash payback period ____3.21 _ years.
The $125,190 initial investment divided by the net increase in cash flow per period yields the cash payback period for this investment.
Cash Payback Period = Initial Investment /Net increase Cash Flow per Period
Net cash flow improvement for the period = $79,000 - $40,000 = $39,000
Cash payback period is 3.21 years ($125,190/$39,000)
The project's $125,190 initial investment would be repaid in 3 years, 2.5 months (0.21 x 12 months).
<h3>What is cash back period?</h3>
The Payback Period is the length of time it will take for an investment to generate sufficient cash flow to cover the entire investment. You would forecast the cash flow for the investment, project, or business when estimating the payback period.
To know more about Cash back period check out this:brainly.com/question/15849273
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