Answer:
Bad debt expense Dr ($140,000 × 1%) $1,400
To Allowance for doubtful debts $1,400
(Being the bad debt expense is recorded)
Step-by-step explanation:
The adjusting entry is shown below:
Bad debt expense Dr ($140,000 × 1%) $1,400
To Allowance for doubtful debts $1,400
(Being the bad debt expense is recorded)
Here the bad debt expense is debited as it increased the expenses and credited the allowance for doubtful debts as it decreased the assets
Answer:
72
Step-by-step explanation:
<u>Given:</u>
There were 120 people in total.
60% were parents.
<u>To find:</u>
Number of parents attended.
Solution:
1. 60% of 120
It can also be written as:
Simplify
- Divide by common factor (2)
2. 
Multiply
Divide
Therefore, 72 parents attended the game.
A. would be the correct choice because the x+y hast to =1.
