Answer:
the Bad debt Expense for the Year is $250
Explanation:
The computation of the bad debt expense is given below:
Bad debt Expense for the Year is
= Current year of Allowance for Doubtful Accounts + Write off in Current Year - Prior year of Allowance for Doubtful Accounts
= $400 + $200 - $350
= $250
Hence, the Bad debt Expense for the Year is $250
The report that is constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the accounts balance is called : Adjusted trial balance
<h3>What is an adjusted trial balance?</h3>
Adjusted trial balance is an account prepared that shows the arithmetic accuracy of the ledger. This balance list the general ledger account balances after any adjustments have been made.
An adjusted trial balance include:
- Adjustment for prepaid and accrued expenses.
- Depreciation
Therefore, an adjusted trial balance is a report, constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the accounts balance.
Learn more about adjusted trial balance here: brainly.com/question/14274904
The best and the most correct answer among the choices provided by the question is the second choice. The production of trucks and cars is best represented by the second graph. I hope my answer has come to your help. God bless and have a nice day ahead!
Answer:
The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.
Answer: $18,079.50
Explanation:
The tax is to be paid on the $100,000 alone as the $10,000 is municipal interest and is therefore tax exempt.
Taxes on the $100,000 in 2020;
= 14,605.50 + ( 24% of any amount above 85,525)
= 14,605.50 + ( 24% * ( 100,000 - 85,525))
= $18,079.50
