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3 years ago

Before posting a payment of $5,000, the Accounts Payable of Senator Company has a normal balance

Business

1 answer:

Kitty [74]3 years ago

6 0

Answer:

21,000

Explanation:

Add 5,000 to your 16,000. I subtracted 1,000 from 16,000 to equal 15,000. Then, add 5,000 to your 15,000 to equal 20,000. Finally, add your 1,000 agian to equal 21,000.

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On November 1 of year 0, Jaxon borrowed $38,000 from Bucksnort Savings and Loan for use in his business. In December, Jaxon paid

andreev551 [17]

Answer:

$570

Explanation:

The computation of the interest deduction is shown below:

= Interest paid × number of months ÷ (total number of months in a year)

= $3,420 × 2 months ÷ 12 months

= $570

The interest which is deducted in year 0 under the cash method of accounting is $570

And, the two months is calculated from the November 1 to December 31

We simply apply the interest paid formula.

4 0

3 years ago

On January 1, Year 1, the Accounts Receivable balance was $29,700 and the balance in the Allowance for Doubtful Accounts was $3,

joja [24]

Answer:

C $26,200

Explanation:

Allowance for Doubtful Accounts is an contra account receivables account. It is adjusted in the account receivable balance to show the net receivable on the balance sheet. The write off entry is made to transfer deduct the balance of account receivable which is now uncollectible from the customers.

As per given date

January 1, year 1

Account receivable = $29,700

Allowance for Doubtful Accounts = $3,500

On January 15, Year 1 a write off is made as follow

Dr. Allowance for Doubtful Accounts $1,030

Cr. Account receivable $1,030

These balance are deducted from the account receivable balance and Allowance for Doubtful Accounts balance.

Account receivable = $29,700 - $1,030 = $28,670

Allowance for Doubtful Accounts = $3,500 - $1,030 = $2,470

Realizable Value of Account receivable = $28,670 - $2,470 = $26,200

5 0

3 years ago

A person who teaches you coaches you and helps you to advance in your career is known as a?

AlekseyPX

If they are leading you to work hard for a career then its a Career Coach

4 0

3 years ago

one theory behind ____ is that the best outcome to civil ______ is a _____ and that parties will move toward agreement if they u

Leviafan [203]

Answer:

The correct answers that fills the gaps are: discovery, litigation, negotiated settlement, examine, evidence.

Explanation:

The litigation is a conflict of interest qualified and elevated to a jurisdictional authority, by a subject of law, with an intention or claim against another that manifests a resistance or that opposes the approach of the former, as Francisco Carnal suggests.

Some authors consider that the concept of litigation only applies to civil proceedings in contractual disputes, and that the term controversy should be used in criminal proceedings. However, progress has been made regarding this idea, because now, in criminal proceedings, civil action or damages are usually used, which gives rise to extra contractual liability.

5 0

4 years ago

How would ShipNow divide a $ 75 comma 000 lump-sum purchase price for land, building, and equipment with estimated market valu

Burka [1]

Answer:

Land 21,150

Building 45,900

Equipment 7,950

Cash 75,000

Explanation:

We add up the market values then, we compare the value of each item agsinst the total value of the combo.

We apply this value to the purchase price to know how much is allocated on each concepts.

$\left[\begin{array}{cccc}Item&Value&Weight&Allocated\\$Land&29610&0.282&21150\\$Building&64260&0.612&45900\\$Equipment&11130&0.106&7950\\\\$Total&105000&1&75000\\\end{array}\right]$

3 0

3 years ago