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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

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As mentioned in the video, the US produces an annual "List of Goods Produced by Child Labor or Forced Labor." How effective do y
lina2011 [118]

Answer and Explanation:

By publishing the "List of Goods Produced by Child Labor or Forced Labor" the American government is able to raise awareness among the population that, although child labor is something inconceivable in American society, it still happens with great intensity in various places around the world. This allows the population to become aware of this situation and to stop buying products produced by companies that finance and allow child labor to happen. When they stop using these products, companies suffer a decrease in demand, which can cause significant changes in the production and in the lives of children who need to work.

While consumer pressure at companies that allow child labor is effective, pressure from political and commercial authorities is more effective in bringing about change and ensuring the protection of children, as these authorities can promote severe punishments for those who allow this to happen.

7 0
3 years ago
Stock R has a beta of 2.5, Stock S has a beta of 0.55, the required return on an average stock is 13%, and the risk-free rate of
avanturin [10]

Answer:

19.50%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

For Stock R

= 3% + 2.5 × (13% - 3%)

= 3% + 2.5 × 10%

= 3% + 25%

= 28.00%

For Stock S

= 3% + 0.55 × (13% - 3%)

= 3% + 0.55 × 10%

= 3% + 5.5%

= 8.50%

The difference would be

= 28% - 8.5%

= 19.50%

3 0
4 years ago
Ted was dissatisfied with his job. He said that the company policy, superxisior; and working conditions were responsible for his
nalin [4]

Answer:

The correct answer is B

Explanation:

As the Ted was dissatisfied with the job because of the working conditions, policy of company and supervision. And as per the theory of the  Frederick Herzberg, the study indicate that the certain factors of the job are related to the job satisfaction whereas the other factors lead to job dissatisfaction.

In accordance with the theory, the motivating factors are the intrinsic elements of the job that lead to satisfaction like achievement, affiliation, growth and responsibility. And the hygiene factors are the extrinsic elements of the work environment.

Therefore, the extrinsic factors which is hygiene factor or elements of the work environment will not serve as the source of the employee motivation or the satisfaction

5 0
3 years ago
_____, as a conflict management strategy, is the political equivalent of "win some, lose some" and is possible in a long-term re
Lady bird [3.3K]

Answer:

compromising

Explanation:

Compromising—when you compromise or “split the difference” in a conflict which is the political equivalent of "win some, lose some" and is possible in a long-term relationship where there is time for give-and-take exchange.

5 0
3 years ago
Please do your best. 75% of my grade
Yanka [14]

Answer:

1.False

2.truth

3.truth

4.False

Explanation:

8 0
3 years ago
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