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strojnjashka [21]
3 years ago
12

Green Valley Steel had sales of $1,000,000 and collections of $760,000, leaving a balance of $240,000 in accounts receivable as

of December 31, 2021. Analysis indicates it expects to collect $200,000 of its accounts receivable. How would it set up an allowance for uncollectible accounts?
A. Debit accounts receivable for $40,000 and credit bad debts for $40,000
B. Debit bad debt expense for $40,000 and credit allowance for uncollectible accounts for $40,000
C. Debit allowance for uncollectible accounts for $40,000 and credit accounts receivable for $40,000
D. Debit allowance for uncollectible accounts for $40,000 and credit bad debts for $40,000
Business
1 answer:
sammy [17]3 years ago
8 0

Answer: d

Explanation:

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shusha [124]

Answer:

x1.044 - x

Explanation:

The formula for calculating compound interest is as below

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8 0
3 years ago
Output range with increment of 10 5.15.1: Output range with increment of 10 Write a program whose input is two integers, and who
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Answer:

// Program is implemented using Coral Programming Language

int X

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The first line is a comment

The next 3 lines declares 3 integer variables

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X and Y represent the two input numbers as seen on line 6 and 7

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