Answer:
d. $19,500 and $25,000
Explanation:
Provided balance of Accounts Receivables at year end = $550,000
Allowance for Doubtful Debts Account = $5,500
Sales for the year = $2,500,000
Now, provided un-collectible accounts receivables = $25,000
Thus year end balance of allowance for doubtful debts shall be $25,000
Therefore, entry shall be of amount = $25,000 - $5,500 = $19,500
after that balance at year end of allowance for doubtful debts = $5,500 + $19,500 = $25,000
 
        
             
        
        
        
Answer:
$11,000
Explanation:
The basis an investment refers to the asset's original value which is adjusted for capital distributions, stock slits, and dividends.
The J.D.'s basis in his Clampett, Inc. stock after all transactions in 2020 can therefore be computed by adjusting the original basis as follows:
Basis after all the 2020 transactions = Original basis or 1 Jan. 2020 basis + Allocated income - Distribution = $48,000 + $12,000 - $49,000 = $11,000
Therefore, .D.'s basis in his Clampett, Inc., stock after all transactions in 2020 is $11,000.
 
        
             
        
        
        
Answer:
I can't but I give the best of wishes on getting $15 on Nitro type
 
        
             
        
        
        
Answer:
b) 1,250,000
Explanation:
1,000,000+ 250,000 = 1,250,000
 
        
             
        
        
        
Answer:
Debit Cash account (with the amount received)
Credit Accounts receivables (with the amount received)
Explanation:
Revenue is not recorded until the recognition criteria for the recognition of  revenue has been met and this includes;
- the corresponding cost incurred in generating revenue can be reliably measured
- the goods or service has been delivered
Given that the service was performed in May, when half of the fee was received in April, the required entries then was
Debit Cash account
Credit Unearned revenue (with the amount received being half payment)
when the service was performed in May,revenue was earned
Debit Unearned revenue (with the amount received being half payment)
Debit Accounts receivable  (with the amount yet to be received being half payment)
Credit Revenue (with the amount agreed for the service)
In June when the final payment is received,
Debit Cash account (with the amount received)
Credit Accounts receivables (with the amount received)