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likoan [24]
3 years ago
14

As part of the initial investment, Jackson contributes accounts receivable that had a balance of $32,290 in the accounts of a so

le proprietorship. Of this amount, $1,367 is deemed completely worthless. For the remaining accounts, the partnership will establish a provision for possible future uncollectible accounts of $848. gThe amount debited to Accounts Receivable for the new partnership is a.$31,442 b.$32,290 c.$30,923 d.$30,075
Business
1 answer:
yuradex [85]3 years ago
3 0

Answer: $30,923

Explanation:

From the question, we are told that as part of an initial investment, Jackson contributes accounts receivable that had a balance of $32,290 in the accounts of a sole proprietorship. Out of the amount, $1,367 is deemed completely worthless and for the remaining accounts, the partnership will establish a provision for possible future uncollectible accounts of $848.

The amount debited to accounts Receivable for the new partnership will be the difference between the account receivable balance and the amount that was deemed worthless. This will be:

= $32,290 - $1,367

= $30,923

Therefore, the amount debited to Accounts Receivable for the new partnership will be $30,923

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Answer and Explanation:

Movement along the demand curve in the labor market occurs when there is any change in wages of labor. An increase in wage rate will lead to decrease in quantity of labor demanded. As a result, demand curve will move upwards and vice versa.

Reasons other that increase or decrease in price such as demand for the respective product, will lead to shift in demand curve. For example, an increase in the demand for a particular good will increase the demand for labor that will produce the product. An increase in demand for labor in this case will shift the demand curve rightwards and vice versa.

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Reese, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December, she received
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Answer:

a. What is the after-tax cost if she pays the $20,000 bill in December?

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b. What is the after-tax cost if she pays the $20,000 bill in January?

total after tax cost (including investment revenue):

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2 years ago
Perdue Company purchased equipment on April 1 for $93,420. The equipment was expected to have a useful life of three years, or 7
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Answer:

The depreciation cost per year is:

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