Answer:anywhere you would think
Explanation:
Answer:
- Dr Bad Debt expense 6,000
- Cr Allowance for Doubtful Accounts account 6,000
Explanation:
The total estimated bad debts are $4,800 (= $80,000 x 6%). So the Allowance for Doubtful Accounts account ending balance should be $4,800. Since this account is a contra asset account, the ending balance should be $4,800 credited.
But currently the account has a $1,200 debit balance (it's like -$1,200), so the adjustment record must be = $4,800 + $1,200 = $6,000
That way the ending balance = $6,000 - $1,200 = $4,800
The journal entries should be:
- Dr Bad Debt expense 6,000
- Cr Allowance for Doubtful Accounts account 6,000
Answer:
Part a. Record the transaction on the day the materials were bought.
Materials Account $180,000 (debit)
Cash $180,000 (credit)
Part b. Record the transaction on the day the materials were requisitioned
Work In Progress $165,000 (debit)
Materials Account $165,000 (credit)
Explanation:
Part a. Record the transaction on the day the materials were bought.
Recognise the Assets of Materials Purchased and Derecognise Cash to depict ouflow of economic benefits
Part b. Record the transaction on the day the materials were requisitioned
De-recognise the Materials applied in Production Process and Recognise the cost in Work In Progress Account
A. The purchased taxi cabs.
The gov. Uses it as capital investment since it is a mode of public transportation. The answer could also be c so people can drive it (with proper training) so other people can use it.
The correct answer is C) labor-saving advances in households.
A study of labor force participation rates of women in the post-World War II period noted:
Over the long run, women have joined the paid labor force because of a series of changes affecting the nature of work. Primary among these was labor-saving advances in households.
This is an important factor because new inventions and technology have allowed women to leave the house in order to have an education an enter the job force in the corporate world because they have shown the be very capable to perform jobs in industries and companies, at the highest levels. Today, many families need a double income in the house in order to make a decent living. So it is common to see the father and the mother having a job.
