What is the exact product of 2000

Feliz [49]

Using the Allowance Method, the relevant transactions can be completed in the books of Wild Trout Gallery as follows:

1. Allowance for Doubtful Accounts

Accounts Debit Credit

Jan. 1 Beginning balance $53,800

Jan. 19 Accounts Receivable 2,560

Apr. 3 Accounts Receivable $14,670

July 16 Accounts Receivable 19,725

Nov. 23 Accounts Receivable 4,175

Dec. 31 Accounts Receivable 25,110

Dec. 31 Ending balance $56,500

Dec. 31 Bad Debts Expenses $55,470

Totals $116,005 $116,005

Accounts Receivable

Accounts Debit Credit

Jan. 1 Beginning balance $2,290,000

Jan. 19 Allowance for Doubtful 2,560

Jan. 19 Cash $2,560

Apr. 3 Allowance for Doubtful 14,670

July 16 Allowance for Doubtful 19,725

July 16 Cash 6,575

Nov. 23 Allowance for Doubtful 4,175

Nov. 23 Cash 4,175

Dec. 31 Allowance for Doubtful 25,110

Dec. 31 Sales Revenue 8,020,000

Dec. 31 Cash $8,944,420

Dec. 31 Ending balance $1,299,500

Totals $10,316,735 $10,316,735

3. Expected net realizable value of the accounts receivable as of December 31 = $1,243,000 ($1,299,500 - $56,500)

Allowance for Doubtful Accounts ending balance = $40,100 ($8,020,000 x 0.5%)

Allowance for Doubtful Accounts

Accounts Debit Credit

Jan. 1 Beginning balance $53,800

Jan. 19 Accounts Receivable 2,560

Apr. 3 Accounts Receivable $14,670

July 16 Accounts Receivable 19,725

Nov. 23 Accounts Receivable 4,175

Dec. 31 Accounts Receivable 25,110

Dec. 31 Ending balance $40,100

Dec. 31 Bad Debts Expenses $39,070

Totals $99,605 $99,605

4. a. Bad Debt Expense for the year = $39,070

4.b. Balance for Allowance Accounts = $40,100

4.c. Expected net realizable value of the accounts receivable = $1,259,400 ($1,299,500 - $40,100)

Data Analysis:

Jan. 19 Accounts Receivable $2,560 Allowance for Uncollectible Accounts $2,560

Jan. 19 Cash $2,560 Accounts Receivable $2,560

Apr. 3 Allowance for Uncollectible Accounts $14,670 Accounts Receivable $14,670

July 16 Cash $6,575 Allowance for Uncollectible Accounts $19,725 Accounts Receivable $26,300

Nov. 23 Accounts Receivable $4,175 Allowance for Uncollectible Accounts $4,175

Nov. 23 Cash $4,175 Accounts Receivable $4,175

Dec. 31 Allowance for Uncollectible Accounts $25,110 Accounts Receivable $25,110

Accounts Receivable ending balance = $1,299,500

Allowance for Uncollectible Accounts ending balance = $56,500

Learn more: brainly.com/question/22984282

4 0

1 year ago

If a = -8, b = -7, c = 6, then verify that (a+b) + c = a+ (b+c) tysm for de help ✨

NISA [10]

The given information is,

→ a = -8

→ b = -7

→ c = 6

Let's verify the problem,

→ (a+b) + c = a+ (b+c)

→ (-8 - 7) + 6 = -8 + (-7 + 6)

→ -15 + 6 = -8 - 1

→ -9 = -9

→ [ LHS = RHS ]

Hence, it is equal and verified.

5 0

1 year ago

Zachary sold 1/2 of a 40-acre lot. He then sold 3/5 of the remaining lot. What fraction of the land did he sell in all? (Write t

Mazyrski [523]

4/5 acres of the land were sold.
40* 1/2 = 20
20* 3/5 = 12
12+20= 32
32/40 = 4/5 simplified

4 0

2 years ago

Inequality to x2 < 64

Anarel [89]

NOT MY WORDS TAKEN FROM A SOURCE!

(x^2) <64 => (x^2) -64 < 64-64 => (x^2) - 64 < 0 64= 8^2 so (x^2) - (8^2) < 0 To solve the inequality we first find the roots (values of x that make (x^2) - (8^2) = 0 ) Note that if we can express (x^2) - (y^2) as (x-y)* (x+y) You can work backwards and verify this is true. so let's set (x^2) - (8^2) equal to zero to find the roots: (x^2) - (8^2) = 0 => (x-8)*(x+8) = 0 if x-8 = 0 => x=8 and if x+8 = 0 => x=-8 So x= +/-8 are the roots of x^2) - (8^2)Now you need to pick any x values less than -8 (the smaller root) , one x value between -8 and +8 (the two roots), and one x value greater than 8 (the greater root) and see if the sign is positive or negative. 1) Let's pick -10 (which is smaller than -8). If x=-10, then (x^2) - (8^2) = 100-64 = 36>0 so it is positive
2) Let's pick 0 (which is greater than -8, larger than 8). If x=0, then (x^2) - (8^2) = 0-64 = -64 <0 so it is negative3) Let's pick +10 (which is greater than 10). If x=-10, then (x^2) - (8^2) = 100-64 = 36>0 so it is positive Since we are interested in (x^2) - 64 < 0, then x should be between -8 and positive 8. So -8<x<8 Note: If you choose any number outside this range for x, and square it it will be greater than 64 and so it is not valid.

Hope this helped!

:)

7 0

2 years ago

Sharon has collected donations of $4.40, $3.12, $8.00, and $6.22 to help buy books for the new library. What is the mean (averag

jekas [21]

Answer:5.435

Step-by-step explanation: In math, the average value in a set of numbers is the middle value, calculated by dividing the total of all the values by the number of values. To find this answer, we need to find the average of a set of data, we add up all the values and divide this total by the numbers of values. So if you add 4.40, 3.12, 8.00 and 6.22 together, we get 21.74. There are four values (4.40, 3.12, 8.00 and 6.22) so we divide the amount of values there are, which would be four. 21.47/4 would then get you 5.435

3 0

2 years ago