Transfer to English please?
The answer is Yes because Sylvia will have to pay Sarah for painting the store even though she did not verbally agree to the contract.
<h3>What is a
Contract?</h3>
A Contract is a formal arrangement between two or more party where one promise to perform a duty in return for a consideration (value).
In conclusion, the answer is Yes because Sylvia will have to pay Sarah for painting the store even though she did not verbally agree to the contract.
Read more about Contract
<em>brainly.com/question/984979</em>
Answer:
Bad debt expenses $ 12,080
Allowance for doubtful accounts $ 12,080
Explanation:
Accounts 4% of AR
That is $362,000 x 4% = $14,480 expected allowance.
The current balance = 2400 credit
<u>Journal entry:</u>
Debit Credit
Bad debt expenses [(362,000 x 4%) - 2400] $12,080
$12,080
(To record bad debt expense)
