Answer:
b.$1,375,000
Explanation:
Dunn Company's
Allowance for uncollectible accounts $1,500,000
Less Accounts receivable expected to be Uncollectible $125,000
Net Realizable value of account receivable $1,375,000
Therefore the net realizable value of accounts receivable after adjustment will be $1,375,000
Answer:
State unemployment tax payable A/c Dr $168
To Cash A/c $168
(Being state unemployment taxes are paid for cash)
Explanation:
The journal entry to record the payment of the unemployment taxes is shown below:
State unemployment tax payable A/c Dr $168
To Cash A/c $168
(Being state unemployment taxes are paid for cash)
For recording this transaction, we debited the State unemployment tax payable as it increase the liability and cash account should be credited as it reduce the current assets
Answer:
Thee jounal entry for January 1 of Messing Company is done below.
Explanation:
3.5% * 4000 = 140
Date Account Titles Dr Cr
Jan 1 Cash $3,860
Credit Card Expense 140
Sales Revenue 4,000
Fred Schultz, the owner of the West Medical Supply had lost 26 percent of his business. The cause of the lost was because of the two drug stores and close local hospital. In order for Fred to redeem his lost and to gain more, he needs to do some research on demographic changes. By this, he may be able to determine the population and to figure out where and how he can go through with his business.
Answer: D
A bond sale is a debt investment that is given by an investor to a particular corporate or governmental entity and is payable over a period of time at a variable or a fixed interest rate. It can affect the money supply, or the money of the country, because it encourages debtors to keep loaning from the government to finance their personal interests.
