Answer:
So you should expect to receive $108 in interest per year
Explanation:
If you put money on security deposit, it is still your money and you should receive interest for it like when you put money on a bank deposit.
For a $3,600 deposit with 3 percent per year interest, the interest you should be paid would be:
3,600 * 0.03 = $108
Elite Electronics, Incorporated
JOURNAL ENTRY :
Aug 31
Dr Allowance for Doubtful Accounts a/c 300
Cr Account Receivable. a/c 300
( To record write off Account Receivable)
Dec 15
Dr Account Receivable a/c 300
Cr Allowance for Doubtful Accounts 300
( To record reinstate the accounts receivable)
Dec 15
DR Cash a/c 300
CR Account Receivable a/c 300
( To record Payment received)
The answer to the question how many direct labor hours were estimated for the year is letter B which is 180,000.
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The two measures of instability in economic growth are high unemployment rates and inflation
