1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Romashka-Z-Leto [24]
3 years ago
15

At the beginning of 2018, the balance in Jackson Enterprises' Allowance for Uncollectible Accounts was $31,800. During 2018, the

company wrote off $38,000 of accounts receivable. Writing off the individual bad debts would include a:
Business
1 answer:
Colt1911 [192]3 years ago
6 0

Answer:

The answer is: Credit record to Accounts Receivable account

Explanation:

The Accounts Receivable account is an asset, usually it should be a current asset since it should be collected within a one year period. When assets increase, a debit record should be made. But in this case, the asset is decreasing since bad debts reduce the Accounts Receivable account. When an asset decreases, a credit record should be made.

You might be interested in
Briefly define the term spend as it is used in business purchasing. In a paragraph or two, explain how the Internet has reduced
Phantasy [73]

Answer: check the attached file for the answer

Explanation:

Download docx
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> docx </span>
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> docx </span>
6 0
3 years ago
The accountant for Walter Company is preparing the company's statement of cash flows for the fiscal year just ended. The followi
lapo4ka [179]

Answer:

$25,400

Explanation:

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

The movement in the retained earnings balance may be expressed as

Opening balance + net income - cash dividend paid = closing retained earnings balance

Cash dividend declared - Cash dividend paid =  Cash dividend payable

$49,000 - Cash dividend paid = $23,600

Cash dividend paid = $49,000 - $23,600

= $25,400

6 0
3 years ago
Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $99,000; May, $129,000; and June, $139,000. P
Luba_88 [7]

Answer and Explanation:

The preparation of a schedule of budgeted cash payment for the three months i.e April, may and June is presented below:

Particulars                         April           May                June  

Purchase                          $99,000    $129,000        $139,000  

Payment made in

Latest Month (70%)       $69,300    $90,300          $97,300  

Payment made in

Next Month (30%)            $29,700     $38,700         $41,700  

                                    Cash Disbursements  

Particulars                        April             May                  June  

Payment made in  

Current Month (70%)      $69,300       $90,300          $97,300  

Add:

Last Month

Purchases       (30%)       $41,000        $29,700          $38,700  

Budgeted

Cash Payments                $110,300      $120,000        $136,000

3 0
3 years ago
What is your interpretation of the relationship between auto insurance premiums in Michigan and the national average?
Arada [10]

Answer:

Interpretation between the auto insurance preniums in Michigan and the National average is that In 2017, the average cost of a personal injury protection claim in Michigan was more than six times the national average. Costs are increasing nearly twice as fast, according to the Insurance Research Council.

Explanation:

The rates of auto insurance Premiums in Michigan are most expensive in America. This is due to Michigan's non-fault insurance system, which provides crash victims unlimited lifetime coverage of medical bills.

3 0
3 years ago
What effects are Mary and Todd likely to face if they declare bankruptcy? Check all that apply.
ahrayia [7]

1, 4, and 5 just done the assignment and got it correct

8 0
3 years ago
Read 2 more answers
Other questions:
  • When more than one central bank attempts to shift the equilibrium exchange rate, we refer to this as:?
    10·1 answer
  • Bond Yields and Rates of Return A 30-year, 10% semiannual coupon bond with a par value of $1,000 may be called in 4 years at a c
    6·1 answer
  • Perpetuities are also called annuities with an extended or unlimited life. Based on your understanding of perpetuities, answer t
    9·2 answers
  • In the past some states limited voting rights by
    9·2 answers
  • Although e-mail has replaced paper memos for many messages inside organizations and for some letters to external audiences, hard
    15·1 answer
  • Before prorating the manufacturing overhead costs at the end of 2016, the Cost of Goods Sold and Finished Goods Inventory had ap
    15·1 answer
  • Ginny currently earns a (real or nominal) wage of $12.00 per hour; in other words, the amount of her paycheck each week is $12.0
    11·1 answer
  • If the percentage increase in the quantity supplied equals the percentage increase in the price, the supply:
    10·1 answer
  • Can you please help me to get proper answer of these questions? I need answers of these questions but didn't found proper answer
    5·1 answer
  • If a good is normal, then a decrease in price will cause a substitution effect that is?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!