All categories

3 years ago

Total 0 1 to 30 31 to 60 61 to 90 over 90

Business

1 answer:

natulia [17]3 years ago

4 0

Answer:

a. $25,650

b. Journal entries

Explanation:

The computation is shown below:

a. The balance of the Allowance for Doubtful Accounts is

= Total account receivable × estimated percentage

= $570,000 × 4.5%

= $25,650

b. The adjusting entry is as follows

Bad Debt Expense $13,650 ($25,650 - $12,000)

To Allowance for Doubtful Accounts $13,650

(Being the bad debt expense is recorded)

c. The adjusting entry is as follows

Bad Debt Expense $26,650 ($25,650 + $1,000)

To Allowance for Doubtful Accounts $26,650

(Being the bad debt expense is recorded)

You might be interested in

Who of the following would NOT qualify for FAFSA money?

irinina [24]

An individual enrolled half time

7 0

3 years ago

Read 2 more answers

A ________ structure is an organizational structure that assigns specialists from different functional departments to work on on

Oksi-84 [34.3K]

A matrix structure is an organizational structure that assigns specialists from different functional departments to work on one or more projects.

<h3>What is a matrix?</h3>

Teams in a matrix organization report to several leaders inside the business.
The matrix structure promotes open communication between teams and can assist businesses in producing more creative goods and services.

<h3>What is an organizational structure?</h3>

An organizational structure outlines how tasks are assigned, coordinated, and overseen in order to achieve organizational objectives.
The basis upon which standard operating procedures and routines are built is provided by organizational structure.
It decides who gets to take part in what decision-making procedures and how much their opinions influence the organization's activities.
The lens or perspective that people use to perceive their organization and its surroundings is known as the organizational structure.

Therefore, a matrix structure is an organizational structure that assigns specialists from different functional departments to work on one or more projects.

Know more about organizational activities here:

brainly.com/question/4269555

#SPJ4

5 0

1 year ago

Tee Time Golf Resort plans to use famous Kauri wood from New Zealand for parts of the interior of the magnificent clubhouse at i

Tju [1.3M]

Answer:

correct option is C. it's a good time to buy the wood.

Explanation:

given data

slab = 10 feet

cost Tee Time = $5,000

$500 US dollars = $738 NZ dollars

solution

If they import timber from New Zealand. Tea Golf Resort pays less than $ 5000 to import Wood from New Zealand at the current exchange rate. This is a good time for them to import forests

we get here current exchange rate of 1 dollar that is as

US $500 = NZ $738

so $1 = $\frac{738}{500}$

$1 = NZ $1.476

current exchange rate is $1 = NZ $1.476

10 foot slab costs $5000

so Tee Golf Resort will pay is

Tee Golf Resort pay = $\frac{5000}{1.476}$

Tee Golf Resort pay = $3387.53

so correct option is C. it's a good time to buy the wood.

3 0

2 years ago

Beckett Co. sold merchandise on account for $11,700, terms 1/10, n/30. Freight charges of $360 were prepaid by the seller and ad

Yuki888 [10]

Answer:

Beckett Co received $ 10.699,65‬

Explanation:

We have to determnate the balance of the invoice after the returned and the discount granted. We also have to receive the freight from the customer as we prepaid them to refund this amount against the customer:

invoice balance:

11,700 nominal less 1,350 return = 10,350

discount granted: 10,350 x 1% = (10.35)

freight refund <u> 360 </u>

total cash proceeds: 10.699,65‬

3 0

3 years ago

I just want to say that what is better adopt me or brookheaven?

Elenna [48]

Answer:

brookheaven

Explanation:

3 0

2 years ago

Read 2 more answers