Answer:
Account titles and explanation Debit Credit
bad debt expense $16,800
allowance for d
doubtful account $16,800
Explanation:
Aging of accounts =5% of accounts receivable
Which is 360,000 x 5% = 18,000 expected allowance
current balance before adjustment =1,200 credit
Adjustment = 18,000 - 1,200 = 16,800
Adjusting entry BY Tanning Company
Account titles and explanation Debit Credit
bad debt expense $16,800
allowance for d
doubtful account $16,800
Answer:
Federal agencies' financial information for a comparable time period.
Explanation:
Benchmarking can be regarded as management accounting innovation, which is been utilized in both the private and the public sectors for performance measurement as management. There are alot of success reported by public sector accounting researchers with the use of benchmarking, however there is
charged problems that still exist in implementing as well as using this management technique. The appropriate benchmarks for a state or local government to use as a basis for comparing performance are;
✓Socioeconomic and demographic trends of governments of similar types and size available from U.S. Census Bureau.
✓ A government's own operating results and financial position from prior years.
✓ International City/County Management Association's Financial Trend Monitoring System results for governments of similar types and size.
For a restaurant, some variable costs could be labor costs/ worker wages, raw product/ purchasing food to cook, and energy and fuel/ utilities.
