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Fudgin [204]
3 years ago
6

Marin, Inc. had net sales in 2017 of $1,425,600. At December 31, 2017, before adjusting entries, the balances in selected accoun

ts were Accounts Receivable $240,100 debit, and Allowance for Doubtful Accounts $1,849 debit. Assume that 11% of accounts receivable will prove to be uncollectible.
Prepare the entry to record bad debt expense.
Business
1 answer:
patriot [66]3 years ago
7 0

Answer:

$24,562

Explanation:

Dr Bad Debt Expense $24,562

Cr Allowance for Doubtful Accounts

[(0.11×$240,100)- $1,849] $24,562

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Answer:

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Explanation:

Annual deposit = $4100

Number of years for retirement = 30 years

Future value of money = $1000000

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Now use the below formula to find the annuity amount.

Annual deposit = Future value (A/F, r, n)

Annual deposit = 1000000 (A/F, 12%, 30)

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3 0
3 years ago
Assume that Jordan ​Enterprises's radio broadcast license is renewable at the end of each 10​-year term and management has provi
yan [13]

Answer:

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2) Journal Entry to record the impairment loss:

Debit Broadcast License Impairment Loss $110,000

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Explanation:

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8 0
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When i grow up i would like to be a real estate agent and also create my own business
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Answer:

re write to (after high school i would follow my dreams and seek my future to become knows as a real estate agent and would love to become one good salary and a wealth living for my future family) -there you go add more if its not enough

Explanation:

7 0
3 years ago
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Answer:

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8 0
3 years ago
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Answer:

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Explanation:

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