Answer: Option (d)
Explanation:
Under this case the write off will be as follow:
Debit Credit
Allowance for doubtful accounts 25,200
Accounts receivables 25,200
Here, in this case the Allowance for the doubtful accounts and Accounts receivables are further decreased as the outcome of the transaction made. Thus, there will be no further effect on working capital. Therefore the $30,000 that is bad debt would then be stated as the credit to allowance account. This will then decrease the working capital by $30,000.
Must have drove 50 hours on a learners permits, 10 of which are at night.
Mines good I’m really exhausted tho and it’s only morning
Answer:
The explanation is attached in the file below
Explanation:
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Answer:
Partnership
Explanation:
A partnership is a business established by two or more people, who are co-owners of the partnership.
Some of the advantages of setting a partnership over a sole proprietorship are:
- greater financial capability since all the co-owners invest in the partnership instead of just the sole proprietor
- the skills and expertise of the partners can be combined
Some of the advantages of setting a partnership over a corporation are:
- Much easier and less expensive to setup and organize
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A partnership is a more personal business, it's your business, not someone else's
