Answer:
7 *
Explanation:
First, round 67,785 to the nearest ten thousand;
The 6 is in the ten thousands place, since it is greater than 5, it will be rounded up to 7. The number therefore becomes;
=70,000
Next, estimate the 70,000 to a single digit times a power of ten.
Maintain the 7 digit, then find a number that 10 is raised to, to get 10,000;
10^1 =10
10^2 = 100
10^3 = 1000
<em>10^4 = 10,000</em>
Therefore, 7 times 10 ^4 will give you 70,000;
70,000
= 7 *
Answer:
D. Revenues will be debited, expenses will be credited, and retained earnings will be credited.
Explanation:
It is provided that, revenues are much more than expenses, therefore the net difference of revenues and expenses will be transferred to retained earnings.
Retained earnings balance will increase as the net income is more.
Therefore, retained earnings will be credited.
further to reverse and close the entire revenues and expenses account it will be reversed, that is
Revenues will be debited and expenses will be credited.
Therefore, correct answer is
D. Revenues will be debited, expenses will be credited, and retained earnings will be credited.
It is most likely under the principal's duty of <span>reimbursement
principal's duty of reimbursement a principal duty that require employer to give back the amount of money that its employees have to give from their own pocket in order to pay for all the expenses that are necessary for those employees to fulfill the duty that assigned by the employer.</span>
Answer:
$317,500
Explanation:
The computation of the amount of bad debt expense is shown below:-
Bad debt expenses = (Accounts receivable × Outstanding receivable percentage) - Opening Allowance for doubtful debts
= ($6.57 million × 5%) - $11,000
= $317,500
Therefore for computing the bad debt expense we simply applied the above formula.
