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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.

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Once every __________, the census bureau does a comprehensive survey of housing and residential finance. month 5 years 10 years
amm1812
Hello,

Once every 10 years, the Census Bureau does a comprehensive survey of housing and residential finance.

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7 0
2 years ago
Indicate the proper accounting treatment for a change in the rate used to compute warranty costs.
Lana71 [14]

Answer:

a. Accounted for prospectively

Explanation:

Warranty cost is an expense i.e. to be incurred for the repair or replacement of the goods comes under the warranty given by the company.

Here if there is a change in the rate i.e. used for determining the warranty cost so it would be accounted in prospectively manner i.e. it would be changed in the current period and also the amount should be estimated or predicted

Hence, the correct option is a.

7 0
3 years ago
]the cycle in which money changed hands resulted in profits for businesses and salaries for workers.
Georgia [21]

The cycle of money where it results to profits for business and salaries for workers are when we pay money for the services or things that we buy and this ends when we receive the items and services we need. Cash conversion is also another term for this cycle.    

7 0
3 years ago
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12345 [234]

Answer:

fixed position

Explanation:

A fixed position layout is where a product to be produced remains in a certain spot or location but the workers needed to work on the product , including machinery are moved to the place where the product is to be produced as at when required. This is because there may be limited space at the project site, hence component parts of the product to be manufactured are then coupled at other site and taken to the product site.

An example of fixed layout is the construction of dams, shipbuilding, buildings etc. A fixed position layout is most suited for heavy and fragile products.

6 0
3 years ago
alexander spent27$ for tickets to a baseball game.he also spent 24$on food how much did he spend on tickets and food
Lera25 [3.4K]

Answer:

either this is a stupid question or this isnt asked right hahaha, based on the basic info here, 51??

Explanation:

6 0
3 years ago
Read 2 more answers
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