A government will create a surplus in a market when it: Sets a price floor above the equilibrium price.
The equilibrium charge is the marketplace charge wherein the number of goods supplied is identical to the size of goods demanded. that is the factor at which the demand and supply curves inside the marketplace intersect.
Answer:
$5,220
Explanation:
The computation of the bad debt expense for the period end adjustment is shown below:
= Allowance of bad debts + credit balance of Allowance for Doubtful Accounts
where,
Allowance of bad debts = 2% × $249,000 = $4,980
And, the credit balance of Allowance for Doubtful Accounts is $240
Now put these values to the above formula
So, the value would equal to
= $4,980 + $240
= $5,220
The journal entry is shown below:
Bad debt expense A/c Dr $5,220
To Allowance for Doubtful Accounts $5,220
(Being bad debt is recorded)
There are no options to choose from. Julie will get paid that fee of customers bias. (if that makes sense). Hope this helps!
Answer:
C. If Major Supply gave credit in reliance upon the misrepresentation by Coleman, Danforth is a partner by estoppel.
Lo siento necesito los puntos, suerte