Answer:
Follows are the solution to this question:
Explanation:
In point A:
The estimated amount of uncollectible allowance =
In point B Journal
Titles and descriptions of accounts Debit Credit Calculation
Expenditure on bad debts
Doubted debt allowance
(Bad Debts Expense recorded)
In point C Journal
Titles and descriptions of accounts Debit Credit Calculation
Expenditure on bad debts
Doubted debt allowance
(Bad Debts Expense recorded)
Answer:
Under the Uniform Securities Act, a structured security issued by an investment bank is a(n):
Explanation:
- Uniform Securities Act is such an act that provide assistance in the law enforcement and regulation to the Securities and Exchange Commission of the United States of America.
- Under this act, a structured security issued by an investment bank is a non exempt security and these securities remain non-exempt under both federal law and state law.
- A structured security is basically similar to the investments like bonds which are not backed by the physical asset. They are backed by the promise of the issuing bank.
Answer:
Underpayment of estimated tax = $2,960
Explanation:
Please consider the following equations:
100% of $15,960 = $15,960
90% of $18,000 = $16,200
whichever is lower. i.e $15,960
Underpayment of estimated tax = $15,960 - $13,000 = $2,960
Answer:
437.50
Explanation:
First you multiply
5000 x $6= $300.00
Then you add what she pays to order the discs
$300.00 + 50= $350
Then you find 25% of the purchase price by multiplying
350 x .25= 87.50
So the total...
350+87.50= 437.50
Can i get brainliest plz?!
Answer:
a. Dr Equipment 68,000
Dr Loss on Exchange 11,000
Dr Accumulated Depreciation 22,000
Cr Equipment 93,000
Cr Cash 8,000
Explanation:
Preparation of the correct journal entry to record the exchange
Based on the information given the correct journal entry to record the exchange will be
Dr Equipment 68,000
(60,000+8,000)
Dr Loss on Exchange 11,000
(71,000-60,000)
Dr Accumulated Depreciation 22,000
(93,000-71,000)
Cr Equipment 93,000
Cr Cash 8,000
(Being to record the exchange)