Answer:
Accounts Payable -Yes
Salaries and wages payable - Yes
Explanation:
Accounts Payable is the money which the business owes its suppliers. It is a liability.
Salaries and wages refers to the debts of the business to its employees. It is also a liability.
Thirty One percent <span>of the u.s. adult population has a college or post-college education (as of 2012).</span>
Answer:
low-cost
Explanation:
I may not be right, so use this as a last resort if necessary.
Answer:
What is allowance for doubtful debt?
This represents management's estimate of the amount of accounts receivable that will not be paid by customers. They are amount owed by debtors, whose likelihood of collection is not certain.
1 Bad debts expense Dr ($18,000 × 0.25%) $45
To Allowance for Doubtful Accounts $45
(Being the bad debt expense is recorded)
2. Bad debts expense $45
($72 - $27)
To Allowance for Doubtful Accounts $45
(Being the bad debt expense is recorded)
3 Bad debts expense $105
($72 + $33)
To Allowance for Doubtful Accounts $105
(Being the bad debt expense is recorded)
4 Allowance for Doubtful Accounts $15
To Accounts Receivable $15
(Being the allowance for doubtful accounts is recorded)
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Explanation:
