Answer:
The answer is given below;
Explanation:
a. Bad Debt Expense Dr.$800
Account Receivable Cr.$800
b. $84,000*11%= $9,240
Credit balance in trail balance ($1,450)
Total $7,790
Bad Debt Expense Dr.$7,790
Account Receivable Cr.$7,790
C. Debit Balance $400
84,000*9%= $7,560
Total $7,960
Bad Debt Expense Dr.$7,960
Account Receivable Cr.$7,960
One breif memos are awesome but sorry din't know
Answer:
correct answer is option C
Explanation:
correct answer is option C
fair value is the price which we will receive to sell an asset or paid to transfer the liability .It is the price of asset at which it is exchange between knowledgeable parties by there own will and not under any pressure.
when the assets is being exchanged at the market then this type of exchange is known as market value.
hence, the most suitable answer is option C FAIR VALUE
Answer:
a. an increase in output and an increase in the price level.
Explanation:
If Aggregate Demand increases, this will result in an increase in output and an increase in the price because short run <u>aggregate demand measures total output for a single nominal price level</u>
<u>In the long-run, increases in aggregate demand cause the price of a good or service to increase. When the demand increases the aggregate demand curve shifts to the right. </u>
<u>Also, increased demand for a product in the long run will lead to increased output being supplied.</u>
The aggregate supply determines <u>the extent to which the aggregate demand increases the output and prices of a good or service.
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