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Mrac [35]
3 years ago
12

During the current year, Sun Electronics, Incorporated, recorded credit sales of $780,000. Based on prior experience, it estimat

es a 2 percent bad debt rate on credit sales. a. On November 13 of the current year, an account receivable for $380 from a prior year was determined to be uncollectible and was written off. b. At year-end, the appropriate bad debt expense adjustment was recorded for the current year.
Business
1 answer:
Yuki888 [10]3 years ago
7 0

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

Effects on transaction:-

 

Transactions  Assets  Amount($) Stockholder’s equity Amount($)    

a. Accounts receivable ($380)    Bad-debt expense(780,000×2%) ($15,600)    

 Allowance for doubtful accounts  $380      

b. Allowance for doubtful accounts = ($780,000 × 2÷100) = ($15,600)    

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When considering the gothic tradition in literary production alone, when does it emerge most predominantly?
stira [4]

Answer:

During the 18th century or during the Romantic period.

Explanation:

While the concept of Gothic elements began as early as the 4th century, the literary impact was seen only from the 18th century, during the Romantic period. While the earlier and initial influences were mainly in the architecture and art forms, literary production on this tradition came after more than a decade of its inception.

The Romantics was a period of imaginative and emotional influences into literary works. Writers of this period focus on the individual's emotions and feelings, And in this period of influence, the themes of Romanticism but in a darker way began to be explored, leading to the Gothic literary genre.

Thus, the <u>gothic tradition in literary production alone emerges most predominantly during the 18th century or the Romantic period.</u>

3 0
3 years ago
A change in tastes or fashions can impact..
Scorpion4ik [409]

Answer:

Demand

Explanation:

It would change the need or desire to buy certain fashion articles

5 0
3 years ago
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Savings accounts are limited in their transactions. how many transactions and what law
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Haha sike you thought
6 0
4 years ago
2) If a country, like the US, can produce all of the goods and services needed by
WITCHER [35]

Answer:

See below

Explanation:

Specialization means a company or country concentrating on producing few commodities. In practice, a state or company will focus on the products it can produce more efficiently. It means focusing on goods they can manufacture at a lower cost compared to other countries.  

The USA can specialize in the goods and services it can produce at a lower cost than other nations. It can then export these products to other countries at competitive prices. For products that are costly to manufacture in the USA, it is prudent to import them from countries that can produce them at lower costs.  

Some products manufactured in other countries at a lower cost may be sold in the USA at fair prices than when produced in the USA.

5 0
3 years ago
On the last day of October, Wicker Company borrows $120,000 on a bank note due in 90 days (3 months) at %11 percent. Interest is
rodikova [14]

Answer:

interest expense 3,000 debit

   interest payable       3000 credit

Explanation:

We will recognize the accrued interest for the period Nov 1st to Dec 31th

 principal   x   rate     x    time

  120,000   x 11%/12   x 3 months = 3,000

We divide the rate by 12 as there is express as annual rate and we need to match with time, which is months.

The entry will recognize interest expense for 3,000

and interest payable for 3,000

3 0
4 years ago
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