Answer:
Dr. Allowance for doubtful accounts $30,000
Cr. Account receivables $30,000
Explanation:
Allowance for doubtful accounts is an estimate of the receivables which are not expected to be received in future. It is an contra asset account and adjusted against the accounts receivable. On balance sheet Accounts receivable is reported after adjusting the value of allowance for doubtful accounts.
Write off is also adjusted in allowance for doubtful accounts by debiting the allowance for doubtful accounts and crediting the accounts receivables.
Answer:
Accounting equation is as follows:
Assets = Liabilities + Stockholder's equity
(a) Cash $3,940 Notes payable $3940
(b) Cash $4,630 Common stock $4,630
(c) Equipment $1,000
Cash (-$200) Notes payable(ST) $800
(d) Supplies $300
Cash (-$300)
(e) Supplies $700 Accounts payable $700
I think the FIRST answer is North because then it goes to the MidWest.
Answer:
B. it cannot adjust the quantity of fixed inputs
Explanation:
The short run is the conceptual time period where at least one factor of production is fixed in amount while other factors are variable in amount.
Fixed costs have no impact on a firm's short run decisions
Government-funded health insurance programs that claim to provide comprehensive funding of their clients' demands have commonly adopted a purposive (deductive) approach to the problem of health care funding.
Hope this helps!
