1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kitty [74]
3 years ago
15

An estimate based on an analysis of receivables shows that $790 of accounts receivables are uncollectible. the allowance for dou

btful accounts has a debit balance of $120. the adjusting entry at the end of the year will include a credit to allowance for doubtful accounts in the amount of:
Business
1 answer:
erastovalidia [21]3 years ago
7 0

Answer:

The  adjusting entry at the end of the year will include a credit to allowance for doubtful accounts in the amount of $910.

Explanation:

Allowance for Doubtful Accounts balance should be Credit balance, Since we have $120 debit balance and want to create $790 Allowance for Doubtful Accounts credit balance we have to credit Allowance for Doubtful Accounts by ($790 + $120 = $910) to get Allowance for Doubtful Accounts $790 Credit balance.

Therefore, The  adjusting entry at the end of the year will include a credit to allowance for doubtful accounts in the amount of $910.

You might be interested in
Suppose some banks decide to increase their holdings of excess reserves relative to deposits. Ceteris paribus, this action will
slava [35]

The action of the bank will put decreased pressure on the money supply, and to reduce the impact of this action, the Fed could decrease the discount rate.

Basically, a decrease in discount rate will make it easy and cheaper for commercial banks to borrow money from Federal Reserve System and thus, results to increase in available credit and lending in the economy

Therefore, if the commercial banks decide to increase their holdings of excess reserves supposed to be remitted to Feds, then, this will put <u>decreased</u> pressure on the money supply, and the Fed would act by <u>decreasing</u> the discount rate.

Read more about this here

<em>brainly.com/question/20023706</em>

5 0
2 years ago
Which of the following would not be a part of a company's human resources?
pychu [463]
The answer is D. All would be included as human resources
6 0
3 years ago
During the month of May, a company performed $2,400 of cash services and $3,300 of services on account. The journal entry at the
Tanya [424]

Answer:

Debit : Cash  $2,400

Debit : Account Receivables $3,300

Credit : Revenue $5,700

Explanation:

Revenue is recognized when a firm transfers the control of goods or services not when paid.

So this journal must both recognize the Assets in Cash and Assets in Trade Receivables since control for the services has already been transferred.

The journal entry at the end of the month to record this transaction would be :

Debit : Cash  $2,400

Debit : Account Receivables $3,300

Credit : Revenue $5,700

3 0
2 years ago
Please help! :)
Slav-nsk [51]

Answer:

True.

Explanation:

Arbitration and mediation are two alternative ways of resolving legal conflicts, that is, they are alternatives to judicial litigation.

Thus, arbitration involves the selection of an impartial third party (similar to a judge), who will decide through an award who of the parties is right, basing his decision on law, morals, ethics or common sense.

For its part, mediation involves a negotiation between the parties, assisted by a third party, the mediator, who will seek to reach an agreement.

Both alternatives imply that a lawsuit is not initiated, which in itself entails a notable economic and time saving for the parties in conflict.

6 0
2 years ago
Would this topic be studied in microeconomics or macroeconomics: If the amount of money in the economy increases more than the a
AleksAgata [21]

Answer:

Both microeconomics and macroeconomics involve examining economic behavior, but they differ in terms of the scale of the subjects being studied.

Explanation:

Microeconomics is the field of economics that looks at the economic behaviors of individuals, households, and companies. Macroeconomics takes a wider view and looks at the economies on a much larger scale—regional, national, continental, or even global. Microeconomics and macroeconomics are both vast areas of study in their own rights.

8 0
2 years ago
Other questions:
  • Your business plan calls for utilizing a computerized lathe. The lathe costs $12,000. If you borrow the money to buy it, you wil
    6·1 answer
  • hen a manager decides to give a sales executive a bonus at the end of the fiscal year for a job well done, it is an _____ for th
    13·2 answers
  • LeMay Frosted Flakes Company offers its customers a pottery cereal bowl if they send in 4 boxtops from LeMay Frosted Flakes boxe
    13·1 answer
  • At which price and quantity combination would the government regulate this firm to get as close as possible to the most efficien
    12·1 answer
  • A disadvantage of vertical integration is that by pooling demand for parts from a number of companies, a supplier may be able to
    10·1 answer
  • Explain how public disclosure is used as a tool to prevent market failures.
    7·1 answer
  • Fullerton Waste Management purchased land and a warehouse for $610,000. In addition to the purchase price, Fullerton made the fo
    9·1 answer
  • Need help with questions 1-5
    10·1 answer
  • Dribbling in field hockey is when you.
    15·1 answer
  • How does the size of the order impact organizational buying?.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!