Answer:
Retained earnings balance on Dec 31 = $2000
Explanation:
Statement showing computations
Particulars Amount
Opening balance in retained earnings $ 5,000.
Add income (Loss) = $3300 - $4100 (-$800.00)
Less Dividends Paid = (2,200.00)
Retained earnings balance on Dec 31 $2000
Answer:
Date Account titles and Explanation Debit Credit
Bad Debt Expense $8,400
Allowance for doubtful account $8,400
($9,600 credit required - $1,200 already existing)
(To record bad debt expenses)
Particulars Amount
Account receivables $307,200
Less: Allowance for doubtful account <u>$9,600</u>
Net amount of accounts receivable <u>$297,600</u>
Answer:
The statement is: True.
Explanation:
The disposal of assets implies removing assets from a company's accounting books. By doing so, the company must record the gain or loss over the asset when the disposal happens. That is determined by comparing the book value of the disposed asset with the market value of the acquired assets -if any.
Answer: Plz mark as brainiest
Explanation:
John, Georgia and David are all high-potential employees. They were each asked to take a personality assessment test in preparation for the selection process for their first promotion into management. In accordance with the research on personality factors needed for effective leadership discussed in your LPD textbook, which of them, John, Georgia or David, possess the combination of personality traits that would be the most effective in reaching and influencing his or her team members
