I have a quiz and the time is unlimited. This sentence appeared to me.
The timer can only start after the setup process is finished.
What does this timer mean? Why does that time appear unlimited, please explain
Answer:
The journal entries are shown below:
Explanation:
According to the scenario, the journal entries for the given data are as follows:
(1). Jun.30 Bad Debt expense A/c Dr $12,800
To Allowance for Doubtful A/c $12,800
(Being the bad debt expense is recorded)
(2). July Allowance for Doubtful A/c Dr $6,400
To Accounts Receivable A/c $6,400
(Being the customer balance written off is recorded)
Answer: D. Search, Display, Video, Shopping and App
Explanation: Advertising with Google Ads starts with creating a campaign based on your business objectives. Each campaign type determines where your ads appear and the format in which those ads are displayed. Different campaign types — Search, Display, Video, Shopping, and App — can support your business objectives.
Answer:
The depreciation expense during the year: $12,000
Explanation:
The Likert Company uses the units-of-production depreciation method to calculate depreciation expense by the following formula:
Depreciation Expense = [(Cost of asset − Residual Value ) x Number of Miles Produced]/Life in Number of Miles
Depreciation Expense per mile = ($64,000 - $4,000)/200,000 = $0.3
During the year, the truck travelled 40,000 miles
Depreciation Expense = $0.3 x 40,000 = $12,000
