Answer:
1,3,4
Explanation: Those are the one I would choose.
Two accounting equalities to maintain in transaction analysis are Assets and Liabilities + Equity.
One key element of performing accounting transaction analysis is ensuring that the accounting equation is balanced. This means that for every debit account entry, you must have a credit account entry of the same amount.
This accounting equation works as-
Assets = Liabilities + Equity
Assets- This refers to the resources of a company and includes cash and cash equivalents, accounts receivable, and inventory.
Liabilities and equity- The liabilities of a company refer to its financial obligations, such as loans, long-term debts, mortgages, and notes payable.The shareholder’s equity of a company refers to the dollar value of the company and can be calculated by subtracting its liabilities from its assets. Both liabilities and equity show how the company has financed its assets.
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Answer:
True
Explanation:
Prime's net realizable value of accounts receivable = accounts receivable balance - allowance for uncollectible accounts = $100,000 - $7,000 = $93,000
Bad debt expenses have already been debited, so they are no longer part of the allowance for uncollectible accounts.
Answer:
Congruent triangles has the two angles of one of their sides equal
This means if a triangle side has angles of 30 and 60 degrees the other triangle also has 30 and 60 degrees.
An isoceles triangle will have 2 angles of the same degree. Thus, If triangle A is isoceles then, two angles add up to make the third equal to one these two.
We should remember that angles inside a triangle always add up to 180ª
2a +b = 180
a + b = 180 - a
if the other triangle has 2 angles mathing the isoceles triangle, then it is also an isoceles.
Uploaded an image of an isoceles triangle to understand better.
Explanation:
Answer:
Explanation:
The journal entry is shown below:
Warranty expense A/c Dr $25,500
To Estimated warranty liability $25,500
(Being the estimated warranty provision is recorded)
The computation is shown below:
= Merchandise sale value × given percentage
= $850,000 × 3%
= $25,500
Simply we debited the warranty expense and credited the estimated warranty liability so that the correct posting can be done.
