Answer and Explanation:
The adjusting entries are shown below:
a. Salaries expense Dr $1,400
To Salaries payable $1,400
(being salaries expense is recorded)
b. Interest expense ($40,000 × 12% × 1 ÷12) $400
To interest payable $400
(being interest expense is recorded)
c. Account receivable Dr $3,000
To Service revenue $3,000
(being revenue is recorded)
These 3 entries should be recorded
Answer:
nonrepudiation.
Explanation:
Non repudiation is assurance that you cannot deny something.
It refers to ensure that a person to contract cannot deny the sending of the message that they originated.
So when Joe sends a withering email to this about the work hours have increased.So when Joe tries to deny sending the mail and unable to deny the sending because of the use of digital signature it is an example of nonrepudiation.
The maximum number of accounts allowed within the chart of accounts in QuickBooks Online Plus is: 250 chart.
<h3>What is
chart of accounts in QuickBooks?</h3>
Chart of accounts in QuickBooks can be defined as the account that are mostly use in tracking every financial statement or information.
The Chart of accounts in QuickBooks should not be more than 250 chart of account based on the fact that if your account is higher than 250 in your chart of account this can tend to lead to suspension of the subscription you made.
Therefore the maximum number of accounts allowed within the chart of accounts in QuickBooks Online Plus is: 250 chart.
Learn more about chart of accounts in QuickBooks here:brainly.com/question/14493199
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Currently, 20 countries are part of Latin America. They are: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Dominican Republic, Uruguay and Venezuela. Other than that, there are other territories that are not yet considered countries, but they are part of the list.
Answer:
Balance of allowance for doubtful accounts after Bad debt Expense is $2700
Explanation:
given data
Cash sales= $153,000
Credit sales = $453,000
Selling and administrative expenses = $113,000
Sales returns and allowances= $33,000
Gross profit = $493,000
Accounts receivable = $140,000
Sales discounts = $17,000
doubtful accounts credit balance = $1,500
solution
we know here Total Bad Debit = 3% of accounts receivable
that is Total Bad Debit = 0.03 × $140,000
Total Bad Debit = $4200
so here allowance for doubtful account credit balance = $1500
so
Balance of allowance for doubtful accounts after Bad debt Expense will be
Balance of allowance for doubtful accounts = $4200 - $1500
Balance of allowance for doubtful accounts = $2700
