Entry Level, not completely sure but i hope this helps.
Answer:
Debit to bad debts expense in the amount of $5,000
Explanation:
The computation of the bad debt expense is shown below:
= Credit sales × estimated percentage given
= $500,000 × 1%
= $5,000
The journal entries are also shown below; for better understanding
Bad debt expense A/c Dr $5,000
To Allowance for doubtful debts $5,000
(Being bad debt expense is recorded)
The other information which is given in the question is not relevant. Hence, ignored it
Answer:
COGS= $807,500
Explanation:
<u>First, we need to calculate the unitary cost for direct material, direct labor, and manufacturing overhead:</u>
direct material= 2*2= $4
direct labor=2.7*20= $54
overhead= 2.7*10= $27
Total unitary cost= $85
<u>Now, the cost of goods sold:</u>
COGS= 85*9,500= $807,500
Answer:
the 4 key aspects
Explanation:
ethical, legal, economic and philanthropic.
Answer:
take 40,000 - 5,000 = 35,000
then take 35,000 x 3 = $ 105,000
Explanation: