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Alla [95]
3 years ago
13

Hunter, Inc.'s accounts receivable increased during the year by $407,000. Its bad debt expense was $235,000, and its allowance f

or uncollectible accounts increased by $170,000. What is the amount of cash Hunter, Inc. received from customers during the reporting period if its sales were $4,470,000?
Business
1 answer:
kupik [55]3 years ago
7 0

Answer:

What is the amount of cash Hunter, Inc. received from customers during the reporting period if its sales were $4,470,000?

Cash received_____________________4235000

Explanation:

Sales __________________________ 4470000

Account receivable increase________ 235000

 

Cash received_____________________4235000

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On January 1, Lorain Corporation had 2,000 shares of $5 par common stock authorized and outstanding. These shares were originall
Dovator [93]

Answer:

Journal Entry

Explanation:

The Journal Entry is shown below:-

1. Treasury Stock                $2,400  (100 Shares × $24)

            To Cash   $2,400

(Being treasury stock is recorded)

2. Cash  Dr, $825  (25 shares × $33)

     To Treasury Stock $600 (25 shares × Cost $24)

      To Additional Paid in Capital-Treasury Stock $225

(Being the sale of acquired share is recorded)

3. Cash Dr, $550 (25 shares × $22)

Additional Paid in Capital-Treasury Stock Dr, $50

      To Treasury Stock $600 (25 shares × Cost $24)

(Being the sale of acquired share is recorded)

4. Common Stock Dr, $250  (50 Shares × $5 par value)

Additional Paid in Capital-Treasury Stock Dr, $175 (225 - $50)

Retained Earnings Dr, $775

       To Treasury Stock $1,200 ($2400 - $600 - $600)

(Being retired share is recorded)

6 0
3 years ago
Which transitional word or phrase would most efficiently increase the cohesiveness of the following sentences?
Yanka [14]

Answer:

however

Explanation:

The best of the transitional word or phrase would most efficiently increase the cohesiveness of the following sentences is ''however''

"The company recorded a 11 percent increase in domestic profits, however the company has not been able to establish much demand in foreign countries."

It shows that although the company is doing well domestically by growing its profits, it has not been able to do so internationally.

4 0
2 years ago
Kayleigh is looking over a number of material requisition slips from her employees. She has to sign off on each request after re
dedylja [7]

Answer:

B. No, approval by an individual other than the requestor establishes greater accountability over inventory.

Explanation:

This step is required as it will ensure control over inventory usage.

3 0
3 years ago
on october 1, eder fabrication borrowed $60 million and issued a nine-month, 12% promissory note. interest was payable at maturi
Lynna [10]

55,110,929 in cash; debit

55,110,929 in credit notes

Promissory note with discounted interest to be recorded

debt 1.583.741,77 in interest

Credit Card Amount Due: 1.583.741,77 Note

—to record interest that has accrued on a payable note —

<h3>What is interest ?</h3>

The cost of borrowing money is known as interest, and it is typically stated as a percentage, such as an annual percentage rate (APR). The rate of inflation, the length of the loan, the availability of funds, and the risk of default are important variables that determine interest rates. Ownership in a business can alternatively be expressed as interest.

The sum of money paid for using someone else's money is known as interest. The $20 you earned this year on your savings account is an example of interest. The $2000 in interest you paid on your home loan this year is an example of interest.

To learn more about interest from the given link:

brainly.com/question/13324776

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3 0
1 year ago
Environmental factors that can directly affect your business​
marysya [2.9K]

Answer:

Examples of environmental factors affecting business include:

Climate.

Climate change.

Weather.

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Availability of non-renewable goods.

Explanation:

Hope it helps

4 0
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