Explanation:
The journal entries are shown below:
On August 26, 2016
Account receivable A/c Dr $7,000
To Allowance for doubtful accounts A/c $7,000
(Being the account receivable is written off)
Cash A/c Dr $7,000
To Account receivable A/c $7,000
(Being the cash received is recorded)
Only these two entries are recorded on August 26, 2016 which are shown above
Answer:
The 20 factor analysis was used to determine if a worker was an employee or an independent contractor was divided into three main categories:
- Behavioral: is your work controlled by the company? ?
- Financial: does the company control how you are paid, any applicable reimbursements and/or provides working tools and supplies?
- Type of Relationship: do you have a written contract with the company, and does the working relationship continue or is it only for a fixed period?
The item at the store would be a better deal because 12+10=22 and 22 is greater than 20 therefore making it so that the one at the store is cheaper.
Answer:
See explanation section.
Explanation:
January 31 Supplies expense Debit 2,350
Office supplies Credit 2,350
Note: Calculation:
Beginning balance of Office Supplies + purchase - Ending balance of office supplies = Office supplies used
$1,985 + $463 + $420 - $518 = Office supplies used
Office supplies used = 2,350
To record the adjusting entry of office supplies.
