The allowance for doubtful accounts credited, instead of accounts receivable when recording the adjusting entry for bad debts Because accounts receivable is made up of numerous client accounts, it cannot be credited unless it is known which particular customer will not pay.
The provision for questionable accounts is referred to as a "counter asset" since it reduces the value of an asset, in this example, the accounts receivable. The compensation, often known as a doubtful account, is management's projection of the amount of accounts receivable that customers will not pay. Let's assume, using the aforementioned example, that on June 30 a business reports an accounts receivable debit balance of $1,000,000. The business predicts that $50,000 will not be converted into cash and expects some consumers won't be able to pay the full amount.
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This would be an example of an negative.
I'm not 100% sure if that's what you're looking for?
But the waste from the steel factor is killing the fish, so it's definitely a negative impact.
Answer:
The cash flow effect of Acadia’s restructuring during fiscal 2017 was $205899
Explanation:
cash flow effect = $235,542 - $29643
= $205899
Therefore, The cash flow effect of Acadia’s restructuring during fiscal 2017 was $205899.
Answer: D -
It enables the viewer to both see and hear the information.
Explanation:
Answer:
Debit: Work in Process Inventory $550
Credit: Actual Indirect Material Costs $550
<em>Transferred Raw Material to Production.</em>
Explanation:
Material Requisition is form in which a production department requests a Raw Material Department to release the Raw Material into a Production Phase.
The Indirect Material costs are those which are not easily identified and are not usually a part of finished good or end product.
The Cost of Actual Indirect Material is given so we can have the above Journal entry for material requisition.
