Answer:
$4,260
Explanation:
The journal entry to record the adjustment to the allowance account includes a debit to Bad Debts Expense is given below:
Estimated Uncollectible Accounts is
= $104,000 × 5%
= $5,200
Now
Bad debt expense is
= Estimated Uncollectible accounts - credit balance in Allowance account
= $5,200 - $940
= $4,260
Answer:
1) Commerce and Due Process Clause
Explanation:
The Commerce Clause is not a law that limits how states can regulate commerce, but a power assigned to Congress so that it can regulate interstate commerce. The Dormant Commerce Clause prohibits states from passing legislation that regulates interstate commerce or international commerce, since only Congress has the power to do so. The dormant clause usually affects legislation that discriminates against out of state businesses in favor of domestic businesses, but if the laws affects equally both domestic and out of state businesses, then there is usually no problem with it.
The Due Process Clause states that government entities must respect all the legal rights of a person or a legal entity (e.g. corporation). It prohibits that any government (federal, state or local) deprives a person of their life, liberty, or property without a due process (the property part applies to legal entities).
The answer is the Treaty of Rome. The treaty of Rome was established to create a certain establishment between the European countries. In this treaty, they were able to create single markets for products and labor. They were able to create policies that had benefitted the agricultural sectors of the European Union as well as lessen the burden of transporting goods from one destination to another
A bank is simply an institution that continuously provides "<span>the </span>widest range of<span> financial </span>services especially<span> credit, savings, and payment </span><span>services." In addition, the history of banking can be traced back to the ancient civilisations wherein loans are already made to farmers as their goods get transported from city to city.</span>
Answer:
1,000 US dollars
Explanation: 80,000 divided by the 80-1 ratio would equal 1000$
80,000/80=1000