Answer:
Fraud Investigators Inc.
Date Particulars Debit Credit
31 Mar Accounts Receivable $ 17,000
Service Revenue $ 17000
On March 31, 10 customers were billed for detection services totaling $17,000
31 October Bad Debts $1100 Dr.
Allowance for Doubtful Debts $ 1100 Cr
When Allowance for Doubtful Debts is created .
<em>At the year end this adjusting entry would be passed . This is an adjusting entry and is not passed on 31st October. It is recorded on the year end.</em>
<em> Allowance for Doubtful Debts $ 1100 Dr.</em>
<em> Accounts Receivable $ 1100 Cr</em>
<em />
<em />
Dec 15 Allowance for Doubtful Debts $ 720 Dr
Bad Debts $ 720 Cr
Recovery Of Bad Debts
<em />
Dec 31 Bad debts $ 420 Dr
Allowance for Doubtful Debts $ 420 Cr
On December 31, $420 of bad debts were estimated and recorded for the year
Answer:
Ending inventory $210
Explanation:
Perpetual inventory system:
<u>Cost of Goods Sold and ending inventory are calcualte after every sale.</u>
Inventory available at the moment of sale:
Beginning inventory of 15 units at a cost of $12 = $180
June 5, Jacobs purchased 10 units at $13 per unit = $130
On June 12, it purchased 20 units at $14 per unit = $280
<em>units for sale: 45 cost of goods available for sale 590</em>
we sold 30 units. Units at ending Inventory: 45 - 30 = 15
<u>We are asked for FIFO method:</u>
first units are sold and <u>newest are inventory</u> so, ending invenotry will be compose of units fro mthe nearest purchase which is June 12th
15 units x $14 each = $ 210
Answer:
A technical position will use technology. For example, a programmer will utilize computer languages such as Java to write code to run on a variety of devices: cell phones, tablets, and laptops. A knowledge of how thinking and hardware interact is absolutely necessary.
Answer:
$10,000
Explanation:
Calculation to determine what The unused resource capacity for setups for Macon Publishing is:
Using this formula
Unused resource capacity =Clerical resources used -[(Clerical rate per page*Pages typed)
Let plug in the formula
Unused resource capacity=$20,000 – ($20*500)
Unused resource capacity=$20,000-$10,000
Unused resource capacity = $10,000
Therefore The unused resource capacity for setups for Macon Publishing is:$10,000