1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anit [1.1K]
2 years ago
13

The company has an unadjusted debit balance in Accounts Receivable of $25,000 and an unadjusted credit balance of $10 in Allowan

ce for Sales Discounts as of December 31. Of the $25,000 of receivables, $10,000 are within a 2% discount period that the company expects the buyers to take.
Complete the necessary adjusting entry by selecting the account names from the drop-down menus and the amounts in the Debit and Credit columns.
Business
1 answer:
KATRIN_1 [288]2 years ago
3 0

Answer:

Date        Description              Dr.             Cr.

Dec 31   Sales discounts       $200

             Allowance for sales discounts   $200

Explanation:

Expected sales discounts. $10,000 × 2% = $200

As the discount is expected and according to the accrual accounting concept the expenses accrued or expected to incurred should be recorded in the period in which revenue of that expense is recorded. Discount of 2% is expected to be availed by the customer amounting sales of $10,000. and it will be availed after year end as discount period will end after year end.

You might be interested in
People want information communicated quickly and clearly. To make your writing more concise and understandable, avoid flabby exp
mash [69]

Answer:

The best revision for the following sentence is:

B) We have identified a problem with our expense sheet, but we will solve it.

Explanation:

In e-mail, letters, messages, memos, and other business documents intended for a busy audience who appreciates getting the information they need quickly and easily, replacing a phrases with a word  in a formal tone, detracting from adding meaning: "we have identified" instead of: "I am sending" or "we need to inform you", keeping the sentence just as it is with certain rhythm and concise.

Otherwise in option 1. I am sending you this letter to inform you that we have experienced an unexpected surprise within our expense sheet, but we are positively certain we will solve it.

The sentence has a redundant pair:  "send" and "inform", it is “wordy,” and includes irrelevant “fillers” as "unexpected" that makes it lack of conciseness in the substantive information, not getting to the point promptly. I also includes passive voice which is not a grammatical error, but it often leads to using more words than necessary frustrating or confusing the audience; and it has prepositional phrases overuse: "that", within", "but" making this sentence clunky and unclear.

In option A) We need to inform you that we have experienced an unexpected surprise with our expense sheet, but we are midway to an end result.

The sentence has unnecessary modifiers: "unexpected" and "end", and passive voice again.

In option C) I am sending you this letter to inform you that we have a problem with our expense sheet, but we are positively certain we have a solution.

The sentence has unnecessary modifier: "positively".

6 0
3 years ago
Harrison Corp. wants to raise its level of service to enhance customer experience. The board of directors sent out an email cont
romanna [79]

Answer:

Downward communication

Explanation:

Downward communication in a formal structure is the flow of information in terms of orders, appreciation, encouragement from higher authority to subordinates across the organization.

Upward communication in the form of feedback and problems flow from lower level employees to upper level. Here, the board of directors are top level employees who have passed the message to the employees to raise the level of service. This is a form of downward communication.

4 0
3 years ago
International officials and business leaders have gathered to discuss free-trade policies. Outside their summit, protesters shou
Allisa [31]
<span>Answer: D. Karl Marx's collapse of capitalism.</span>
4 0
3 years ago
Read 2 more answers
The staff educator from the hospital’s respiratory unit is providing a public educational event. The educator is talking about h
Citrus2011 [14]

Answer:

Teaching strategies to reduce complications of existing diagnoses

Explanation:

Teaching strategies to reduce complications of existing diagnoses.

Health Promotion activities focus on preventing disease from developing that is primary prevention. And then screening to identify at early curable stage and this known as secondary prevention and reducing complications of existing or established medical diagnosis, which is the tertiary prevention.

8 0
3 years ago
Total stockholders' equity includes $50,000 of common stock with a stated value of $0.50, and 5,000 shares of treasury stock wit
IrinaK [193]

Answer:

Common stock outstanding = $50,000/$0.5 = 100,000 shares

Treasury stock outstanding                              = 5,000 shares

Total shares outstanding                                    105,000 shares

Explanation:

Total shares outstanding is the aggregate of common stock outstanding and treasury stock outstanding. Common stock outstanding is derived by dividing the total value of common stock by par value of common stock.

6 0
3 years ago
Other questions:
  • In two or three sentences, describe the labor market.
    9·2 answers
  • Which of the following is not considered a credit?
    15·1 answer
  • Which type of manager is responsible for production and quality control?
    5·1 answer
  • The measure of how quickly an investment can be converted into cash is known as
    13·1 answer
  • why do you think many people are in jobs that are not satisfying? do organization help people craft satisfying and motivating jo
    14·1 answer
  • Please explain the advantages and disadvantages of an Advertising Organization System.
    15·1 answer
  • Walter Utilities is a dividend-paying company and is expected to pay an annual dividend of $1.25 at the end of the year. Its div
    9·1 answer
  • Consider the market for film streaming services, tv sets, and movie tickets.for each pair, identify whether they are complements
    10·1 answer
  • __ offers users an "Ask a Librarian" feature to inquire about the library's collections.
    7·1 answer
  • Why might a business person purchase a fidelity bond?
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!