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lord [1]
3 years ago
5

On December 31, Tremble Music had account balances in Accounts Receivable of $300,000 and in Allowance for Uncollectible Account

s of $1,000 (debit) before any adjustments. An analysis of Tremble's December 31 accounts receivable suggests that 5% of the account balances are not expected to be collected. The balance of Allowance for Uncollectible Accounts after adjustment will be:
a. $1,000
b. $16,000
c. $14,000
d. $15,000
Business
1 answer:
Maru [420]3 years ago
6 0
D. 300,000 x 5% = 15,000
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1 year ago
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Answer:

Land A/c Dr $3,360,000

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Explanation:

The journal entry is shown below:

Land A/c Dr $3,360,000

   To Common stock A/c  $2,400,000

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The computation is shown below:

For land

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3 years ago
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Answer:

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M = \frac{\$22.5}{\$100}\\ M=22.5\%

Electric Autos had a profit margin of 22.5%

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3 years ago
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