Answer: $15,500
Explanation:
First we calculate the estimated Uncollecteble debt,
= 6% of 310,000
= 0.06 (310,000)
= $18,600
We will then subtract the existing $3,100 to find out how much we will send to the Bad Debt Expense account because the amount already in the account needs to be included in the $18,600.
= 18,600 - 3,100
= $15,500
We will therefore Debit the Bad Debt Expense account with $15,500 and Credit the Allowance for Doubtful Accounts with the same amount.
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<span>Invertebrates is the largest group in the animal kingdom. 97 percent of all animals are invertebrates. Their main characteristic is that they </span>do not have backbones.<span>
Invertebrates have an </span>exoskeleton which provides a support framework.Exoskeleton<span> is an external anatomical feature that supports and protects the animal's body. </span>
D. a firm that has some control over the price of the product it sells
Answer:
Increase and decrease the interest rate in the economy by a certain percentage
Explanation:
The Federal Reserve can influence the prevailing interest rates. However, it cannot increase or decrease the interest rate in the economy by a certain percentage. The Federal Reserve influences interests rate by adjusting the fed funds rate. The feds fund rate is the interest rate that banks charge each other when they borrow from each other.
The Federal Reserve can lend to commercial banks, Adjust reserve requirements, and buy and sell U.S. securities.
