Answer:
it might be informative and persuasive I'm pretty sure it is but not 100% I'm sorry
The postdated checks are considered to be an accounts receivable for accounting purpose.
<h3>What is a
postdated checks?</h3>
These are checks that is expected to make a payment to be processed on a specified date in the future.
However, in accounting, the postdated checks are considered to be an accounts receivable by a firm for accounting purpose.
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Answer:
Sunrise Enterprises
Impact of Selected Transactions on the Current Ratio:
Current Ratio Current Assets Current Liabilities
(1) increase increase no change
(2) decrease no change increase
(3) decrease decrease no change
(4) increase increase no change
Explanation:
a) Data and Calculations:
Current assets = $1,090,000
Current liabilities = $602,000
Current ratio = 1.8 ($1,090,000/$602,000)
b) The current ratio (the ratio of current assets to current liabilities) is affected by increases or decreases in current assets without equal increases or decreases in current liabilities and vice versa.
When productivity rise unexpectedly slows down, how is unemployment typically impacted unemployment rates will likely be slightly higher than average.
<h3>What is unemployment rates?</h3>
People of working age who are unemployed, available for work, and have made explicit efforts to find employment are considered to be unemployed. Estimates of unemployment rates based on this definition are applied consistently, making them more comparable worldwide than estimates based on national definitions of unemployment. This indicator is seasonally adjusted and measures the number of jobless persons as a percentage of the labor force.
The entire number of unemployed persons plus those who are employed is referred to as the labor force. Data are based on surveys of the labor force (LFS). Eurostat estimates the monthly unemployment rates for those nations in the European Union for which there is no monthly LFS data.
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Answer:the adjustment to record bad debts for the period will require a
Debit on
Bad debt expenses for $ 12,670 and a credit To Allowance for doubtful accounts for $ 12,670
Explanation:
Account receivables for uncollectibles= $13,900
Allowance for Doubtful Accounts = credit balance of $1230
Adjusting entry for bad debts expense =Account receivables - credit balance of $1230
= $13,900- $1,230
=$12,670
Adjusting entry for the record of bad debts expense
Accounts titles Debit Credit
Bad debt expenses $ 12,670
To Allowance for doubtful accounts $ 12,670