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Zigmanuir [339]
3 years ago
15

John has $ 1.35 $1.35 in nickels and dimes in his pocket. He has six more nickels than he does dimes. How many of each does he h

ave?
Business
1 answer:
Eduardwww [97]3 years ago
7 0

Answer:

John has 7 dimes and 13 nickels

Explanation:

let N = nickels

let D = dimes

5N + 10D = 135

N = D + 6

5(D + 6) +10D = 135

5D + 30 + 10D = 135

15D = 135 - 30 = 105

D = 105 / 15 = 7

N = D + 6 = 7 + 6 = 13

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If,at the current level of output, a firm's average cost is greater than its marginal cost, then:
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Which type of graphic organizer would best organize your notes on how to start a small business?
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3 years ago
During the current year, sales on account were $306,673, collections on account were $290,750, write-offs of bad debts were $7,0
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Answer:

  • 1-a. Complete the Accounts Receivable and Allowance for Doubtful Accounts T-accounts to determine the balance sheet values. Disregard income tax considerations.

Accounts Rec T-Account  

$ 306.673 Debit

$ 290.750 Credit

$ 7.059    Credit

$ 8.864    Debit Balance

Allowance for Doubtful Accounts T-Account  

$ 7.059 Debit

$ 4.775 Credit

$ 2.284 Debit Balance

  • 1-b. Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the income statement for the current year.

$ 4.775   Dr Bad Debt Expense

  • 1-c. Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the balance sheet for the current year.

$ 2.284    Dr (Debit) Allowance for Uncollectible Accounts

$ 8.864    Dr (Debit) Accounts Receivable                        

Explanation:

  • Initial Balance

Dr Accounts Receivable  $ 306.673

 

  • Write-offs of bad debts  

Cash $ 290.750

Cr Accounts Receivable  $ 290.750

 

  • Write-offs of bad debts  

Dr Allowance for Uncollectible Accounts $ 7.059

Cr Accounts Receivable  $ 7.059

 

  • Bad debt expense adjustment  

Dr Bad Debt Expense $ 4.775

Cr Allowance for Uncollectible Accounts $ 4.775

 

  • 1-b. Complete the amounts related to Accounts Receivable and  

Bad Debt Expense that would be reported on the INCOME STATEMENT for the current year  

Dr Bad Debt Expense $ 4.775

 

  • 1-c. Complete the amounts related to Accounts Receivable and  

Bad Debt Expense that would be reported on the BALANCE SHEET for the current year.  

Dr Allowance for Uncollectible Accounts $ 2.284

Dr Accounts Receivable  $ 8.864

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3 years ago
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