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
maxonik [38]
3 years ago
8

Blackhorse Productions, Inc. used the aging of accounts receivable method to estimate that its Allowance for Doubtful Accounts s

hould be $19,350. The account had an unadjusted credit balance of $10,000 at that time.Required:
Prepare journal entries for each of the following. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)a)The appropriate bad debt adjustment was recorded.b)Later, an account receivable for $1,000 was determined to be uncollectible and was written off.Record the end-of-period adjustment for bad debts under the aging of accounts receivable method.Record the write-off of a certain customer account from a prior year which is not collectible totaling $1,000.
Business
1 answer:
Burka [1]3 years ago
6 0

Answer:

The required entries are plot in the following explanation.

Explanation:

(a)

Debit Bad Debt Expense 9,350

Credit Allowance for Doubtful Accounts 9,350

[19,350 - 10,000]

(b)

Debit Allowance for Doubtful Accounts 1,000

Credit Accounts Receivable 1,000

You might be interested in
Rugrat Company has the following information for the current year: Beginning fixed manufacturing overhead in inventory $190,000
inessss [21]

Answer:

$140,000

Explanation:

The  difference between operating incomes under absorption costing and variable costing based on fixed expenses is shown below:

Variable costing:

Fixed manufacturing overhead in production $750,000

Absorption costing:

The Fixed cost would be

= Beginning fixed manufacturing overhead in inventory + Fixed manufacturing overhead in production - Ending fixed manufacturing overhead in inventory

= $190,000 + $750,000 - $50,000

= $890,000

So, the difference would be

= $890,000 - $750,000

= $140,000

8 0
3 years ago
Which of the following terms refers to a practice of allowing the addition of new employees and jobs to existing bargaining unit
Serjik [45]

Answer:

d. accretion

Explanation:

Accretion is the process by which new employees are added to a bargaining unit where they have common interest. It involves the gradual growth of business units. For example when unions transfer workers to a new employer.

Accretion occurs without election and is usually an operation of the law.

It helps preserve industrial stability by filling new jobs without going through an adversarial election process.

5 0
3 years ago
Bond investors will experience capital gains when Group of answer choices market interest rates are high and falling. market int
solong [7]

Answer:

A) market interest rates are high and falling

Explanation:

Bonds and interest rates have an indirect relationship.  When interest rates rise, bond prices tend to fall.

Bonds pay interests on a fixed rate. When market interest rates are rising, investors will prefer investing in other options due their high return as opposed to the fixed returns from bonds. Bonds become less attractive, leading to a decline in prices.

Buying Bonds when the interests are rising means buying at a cheaper rate. When interest rates start falling, bond prices will rise again due to their inverse relationship.

Capital gains occur when an investment is bought at a lower price and sold at a higher price.  Buying bonds when interests rate is high and selling when interests are low will lead to capital gains.

3 0
3 years ago
The united states had about 60 percent fewer farms and ________ percent fewer farmers in 2000 than in 1900.
adoni [48]
85% is the right answer because I said so...
6 0
3 years ago
Assume that while the budget balance in Conania changes from positive to negative, capital inflow in Conania also decreases. How
Aleks [24]

Answer and Explanation:

In the case when the budget balance of the Conania varies i.e. from positive to negative so the capital inflow would decrease

Now this impact private investment spending in such a way that the situation would become worst and this would lead a serious crowding effect that ultimately reduce the economy

Hence, the same is relevant

4 0
3 years ago
Other questions:
  • Choose the best answer to complete the statement.
    14·2 answers
  • What can the government of a relatively poor country do to promote economic prosperity? check all that apply. encourage transmis
    12·2 answers
  • If the expected sales volume for the current period is 7,000 units, the desired ending inventory is 400 units, and the beginning
    7·1 answer
  • For each hour of production, a certain factory requires 1 assembly line worker for every 25 units to be produced in that hour.
    14·1 answer
  • 43. What is the difference between formal and informal structure?
    7·1 answer
  • One advantage of the direct organizational plan is that it:________.
    6·1 answer
  • James is the human resource manager at a large bottle manufacturing company. Ten years ago, when the business moved to its curre
    7·1 answer
  • Freè 30 Points just answer this simple question!!! Im Moving Next Week on the 1st, what is the most efficient way to unpack and
    6·2 answers
  • What are the factors pricing up a product? Please mark me the brainiest. Thank you
    14·1 answer
  • In the ocean, the greatest amount of heat from incoming solar radiation would transfer to ___
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!