The purpose of eating healthy is because our food contains minerals, nutrients and vitamins absolutely necessary for a healthy body. These nutrients provide us with energy and keep everything in our body working properly.
Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
$20,000
Explanation:
Calculation for what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense
Using this formula
Balance in the allowance for doubtful accounts=
(Outstanding Accounts Receivable
* Percentage uncollectible)- Eebit balance of in the allowance for uncollectible accounts.
Let plug in the formula
Balance in the allowance for doubtful accounts=($500,000*8%)-$20,000
Balance in the allowance for doubtful accounts=$40,000-$20,000
Balance in the allowance for doubtful accounts=$20,000
Therefore the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense is $20,000
Now that’s what she should do but if she doesn’t what to then oh whale
A foreign corporation:
a. does business in one or more states, but is chartered in another state.
