Out of the over 20,000 that apply only about 2,000 go to Princeton a year!
Answer:
$5,720
Explanation:
Calculation to determine What is Marigold adjusted cash balance on April 30
MARIGOLD CORP Adjusted cash balance on April 30
Cash balance per bank $5400
Less:Outstanding checks ($330)
Add: Deposit in transit $650
Adjusted cash balance. $5720
($5400-$330+$650)
Therefore Marigold adjusted cash balance on April 30 is $5,720
Answer:
bad debt expense 38,100
Explanation:
We will adjust the allowance to match the estimated incollectible accounts, this adjustment will done against the bad debt expense account which, will be disclusure on the income statement.
allowance for uncollectble accounts 44,300
current balance (6,200)
adjustment for allowance 38,100
<u>Then, the company will do the adjusting entry:</u>
bad debt expense 38,100 debit
allowance for uncollectible account 38,100 credit
This will be the bad dent expense in the income statement.
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Here is the answer. When excess demand exists for tickets to a major sporting event or a concert, profit opportunities exist for scalpers because they do work efficiently because they allow ticket prices, especially those in high demand to reach an equilibrium by supplying those who want a ticket at market price allowing them to get one, and by allowing those with utilities below the market price to <span>sell them. With their help, no tickets would be gone to waste. Hope this answers your question.</span>