The answer is Japan. It is decreasing at a record pace. The country lost 244,000 people in 2013 as births jumped and deaths increased. It faces the vision
of losing a third of its population in the next 50 years, raising uncertainties
about its economic prospects and labor market.
No entry is required on the company's books.
<h3>What is a journal entry?</h3>
The date, the amount to be credited and debited, a brief description of the transaction, and the accounts involved are all included in each journal entry along with other information pertinent to a single business transaction. Depending on the business, it could include a list of the impacted subsidiaries, tax information, and other details.
Journal entries are of six main types, that is:
- Opening Entries
- Transfer Entries
- Closing Entries
- Adjusting Entries
- Compound Entries
- Reversing Entries
To know more about Adjusting Entries refer to: brainly.com/question/13449237
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Revenue = $752,800
Cost of goods sold = $301,800
To solve for the gross profit:
Gross profit = revenue - cost of goods sold
Gross profit = $752,800 - $301,800
Gross profit = $451,000
The gross profit shows the profits a company has after taking their costs to make the product and subtract them from the sales they had.
I would have to say D. all of the above
Answer:
The bad debt expense which should be recorded in the income statement for the year 2019, amounts to $127,600
Explanation:
The bad debt expense which should be recorded in the income statement for the year 2019 is computed as:
= Net Credit Sales × Uncollectible credit sales for the year 2019
where
Net Credit Sales is $290,000
Uncollectible credit sales for the year 2019 is 44%
Putting the values in the above formula:
= $290,000 × 44%
= $127,600
