Answer:
$112,600
Explanation:
Calculation for What is the amount of Alice's Taxable Income
Wages $120,000
Add Dividend Income $5,000
Adjusted Gross Income $125,000
($120,000+$5,000)
Less Standard Deduction(Single and no dependents) ($12,400)
Taxable Income $112,600
($125,000-$12,400)
Therefore the amount of Alice's Taxable Income will be $112,600
Alcohol is most effective when used as a 70% solution.
Answer:
The correct answer is debit to Bad Debt Expense.
Explanation:
Taking into account the nature of both accounts, the registration of an account receivable is considered an asset taking into account that it is a callable value for the sale of products or services on credit, for which reason it is recorded in the debit to increase the company rights. In the exposed case, where the debt is considered uncollectible after exhausting many resources, the record is to recognize an expense (debit nature), against a credit to the account receivable with the objective of recognizing in the accounting the loss in the expense and the cancellation of the right in the asset.
