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
ss7ja [257]
3 years ago
7

Indicate the accounts affected and enter decreases to account categories with a minus sign. a. At the end of the period, bad deb

t expense is estimated to be $17,300. b. During the period, bad debts are written off in the amount of $7,100.
Business
1 answer:
lubasha [3.4K]3 years ago
7 0

Answer:

The journal entries are given;

Explanation:

a. Bad Debt Expense   Dr.$17,300

   Allowance for Doubtful Accounts Cr.$17,300

b. Allowance for Doubtful Accounts Dr.$7,100

   Accounts Receivable                      Cr.$7,100

With Bad Debt Expense ,the retained earnings will be decreased by ($17,300)

with direct written off,the accounts receivables will be reduced by ($7,100) in balance sheet.

You might be interested in
Selling and administrative expenses consist of $400,000 in annual fixed expenses and $2 per unit in variable selling and adminis
IgorLugansk [536]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Selling and administrative expenses consist of $400,000 in annual fixed expenses and $2 per unit in variable selling and administrative expenses. The company's product cost of $30 per unit is computed as follows. Direct materials $ 4 per unit Direct labor $ 16 per unit Variable overhead $ 4 per unit Fixed overhead ($600,000 / 100,000 units) $ 6 per unit.

We don't have the information of selling price and units sold.

Income statement:

Sales

Variable costs:

Direct material

Direct labor

Variable manufacturing overhead

Total variable cost (-)

Contribution margin

Fixed costs (-)

Net operating income

3 0
3 years ago
Revising for Conciseness - Eliminating Flabby Expressions,Limiting Long Lead-Ins, and Dropping Unnecessary Fillers
Mama L [17]

Answer: 2. 2. We have identified a problem with our expense sheet, but we will solve it.

3. 2. The user should contact the help center.

4. 1. In the future, we should be more careful about scheduling.

Explanation:

2. By choosing Option 2, the writing is more concise and but still has all the necessary details unlike the other options that are unnecessarily long.

3. Option 2 does not make assumptions like option 1 did which is wrong. Option 3 would be better but the text did not include the bit about the problem this making Option 2 best.

4. Option 1 is the best option because it is clear and concise and eliminates the long lead-in.

5 0
3 years ago
Who is responsible for the design, implementation, repair, and security of a company's database?
Vesna [10]

<u>Database administrator</u> is responsible for the design, implementation, repair, and security of a company's database.

<h3>What is database?</h3>

A database is a structured information collection which is often stored electronically in a computer system. Generally, a database management system is in charge of managing a database (DBMS). A database system, frequently abbreviated to just database, is the collective term for the data, the DBMS, and the applications that are connected to it.

The most popular forms of databases in use today typically describe their data in rows and columns in a collection of tables to facilitate processing and data querying. The information can then be accessed, managed, changed, updated, regulated, and organized with ease. SQL is a structured query language that is used by the majority of databases to write and query data.

Learn more about database

brainly.com/question/518894

#SPJ4

5 0
1 year ago
How can a business support the community​
Kryger [21]

Answer:

It can help in many ways one way being they can hold or help hold events in the community.

Explanation:

6 0
3 years ago
Read 2 more answers
When an accelerated depreciation method is used to calculate depreciation expense: Multiple Choice the accumulated depreciation
erastovalidia [21]

Answer:

the net book value of the asset halfway through its useful life will be less than if straight-line depreciation is used.

Explanation:

Let me use an example to illustrate this.

An asset has a useful life of 4 years. It costs $1000. It has a salvage value of 0

If the straight line depreciation method is used , the depreciation expense every year = $1000/ 4 = $250

The net book value halfway through its useful life = $1000 - ($250 x 2) = $500

If double declining method is used, the depreciation expense in the first year would be = 2/4 x $1000 = $500

The net book value at the beginning of year 2 = $1000 - $500 = $500

Depreciation expense in year 2 = 2/4 x $500 = $250

The net book value at the beginning of year 3 = $500 - $250 = $250

We can see that the net book value halfway through the useful is lower when double declining depreciation method is used

4 0
3 years ago
Other questions:
  • Lisa and mandy have a contract. mandy wants out of the contract; carla sue is willing to take mandyís place, which is satisfacto
    7·1 answer
  • Which type of electronic meeting held between people at two or more locations combines audio and video transmission?
    5·1 answer
  • Workplace Messaging and Texting
    13·1 answer
  • A stock you are evaluating just paid an annual dividend of $2.70. Dividends have grown at a constant rate of 2.4 percent over th
    10·1 answer
  • ________ is an adjustment that is an example of a deferral. A : Cash paid or received before expenses are recognized B : Cash re
    13·1 answer
  • An installment note payment includes a.interest. b.principal plus interest. c.principal. d.None of these choices are correct.
    12·1 answer
  • Well-conceived visions are ________ and ________ to a particular organization and they avoid generic, feel-good statements that
    10·1 answer
  • Pilet Pte Ltd balance sheet reflected assets of 10,000, liabilities of 5,000 and share capital of 2,000 as of December 31,2009.
    15·1 answer
  • Which of the following best describes the type of loss covered by the Spoilage Damage insuring agreement of the ISO Equipment Br
    7·1 answer
  • Question is down below, 80 points! :)
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!