Answer:
Debit Bad Debts Expense $12,475
Credit Allowance for Doubtful Accounts $12,475
Explanation:
Calculation for estimated bad debts expense:
Explanation
Accounts receivable * Sales uncollectible
$445,000×0.025
=11,125
Hence:
11,125 +Allowance for Doubtful Accounts 1,350
=$12,475
Therefore the estimated bad debt will be:
Debit Bad Debts Expense $12,475
Credit Allowance for Doubtful Accounts $12,475
<span>This is an example of reverse logistics. This takes in the entire shipping chain from the recipient of the parcel back to the original sender, and is just as important to customer relations as the original chain from the retailer through the customer. Having an easy reversal chain can make it much simpler to process customer requests for returns and exchanges with a minimum of downtime and resources expended.</span>
Answer:
What did the company purchase that resulted in the cash outflow from investing activities?
It purchases Land for 16,500
Explanation:
The investing activities outflow will be for the purchase of long tem assets in cash.
The complete cash outflow for investing activities is explain it through the land account:
cash outflow: 16,500
land: 16,500
There are no other long-term assets which can explain the variance plus, the land account covers the amount entirely.
Answer:
trends, the buyers personality, and other peoples influence
Explanation:
