Answer:
Journal Entry
Date Particulars Debit Credit
Mar. 17 Cash $275
Bad Debts $ 1000
Accounts Receivable( Shawn McNeely) $1275
As cash is received and also bad debts are written off from the same person a combined entry can be made for the accounts receivable.
When direct write off method is used the allowance for uncollectibles is not created. The bad debts are directly written off against the accounts receivable.
Answer: If the Japanese Yen appreciates against the United States dollar, Japanese consumers gain by a decrease in the dollar price of exports to the United States.
Explanation:
Currency appreciation is the increase in the value or worth of a currency in relation to another currency. There are several reasons for the appreciation of currencies and these include interest rates, government policy, business cycles and trade balances. The value of a currency changes based on its supply and demand in the forex market. These fluctuation in values makes firms and traders increase or decrease their financial assets and profit off them.
An appreciation results in cheaper exports and expensive imports. If the Japanese yen appreciates, it means lesser amount would be needed to purchase a dollar thereby resulting in Japanese businesses gaining a reduction in the price of exports to the United States.
The latest date Milo can file an amended return to obtain a refund of taxes paid on his 2022 return is April 15, 2024 , because as of 2022, the deadline for 2022 Tax Year returns that result in an increased tax refund based on a tax amendment will be April 15, 2024. All prior tax years or back taxes can no longer claim tax refunds via a tax amendment.
<h3>
What Are Tax Amendments?</h3>
The IRS permits you to file an amended tax return to correct errors on a tax return that has already been submitted. It is in your best interest to file the amendment if the correction increases the amount of tax you owe because doing so will help you avoid any interest and penalties on the underpayment.
To know more about 'Tax Amendments', visit: brainly.com/question/1140672
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The answer is A welfare rules
Answer:
8 million
Explanation:
I solved the question a short while ago
Module 4
Fundamentals of Finance