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Olegator [25]
3 years ago
6

At December 31, 2016, Finzelberg Company had a credit balance of $15,000 in Allowance for Doubtful Accounts. During 2017, Finzel

berg wrote off accounts totaling $11,000. One of those accounts ($1,800) was later collected. At December 31, 2017, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $19,000.
Prepare journal entries to record the 2017 transactions of Finzelberg Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Business
1 answer:
Setler79 [48]3 years ago
7 0

Answer:. ............$

1. Bad debt Dr. 11.0000

Account receivable Or. 11.000

Narration: Bad debts writing off debtors

2. Cash/Bank. Dr 1800

Profit or loss Cr. 1800

Narration. Bad debt previously written off recovered

3. Profit or loss Dr 4000

Allowance for doubtful debts Cr

4000

Narration. Increase in provision for doubtful debts.

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True or false. Your employer is responsible to make contributions, on your behalf, to the federal insurance contributions
AnnyKZ [126]

Answer:

yes it is true

I HOPE THIS HELPS

TAKE CARE

Explanation:

6 0
2 years ago
A client has been given atropine to cause mydriasis and cycloplegia. What is the expected outcome for this client?
Nady [450]

Answer:

dilation of the pupil and loss of accommodation

Explanation:

Mydriasis is the dilation of the pupil of the eye. The dilation causes vision to be blurry.

Cycloplegia on the other hand is the loss of accommodation of the pupil and it is caused by the paralysis of the cilliary muscle of the eye. This paralysis causes the eyes to lose its ability to focus on things nearby.

Looking at this two conditions from the administration of atropine, the expected outcome of the client is blurry vision and inability to focus or see things close by(farsightedness).

I hope this helps.

5 0
2 years ago
Three examples of capital as a factor of production, and explain how it is different from land?
Morgarella [4.7K]
<span>Capital as a factor of production is defined as the tangible products made by labor.
</span>Land as a factor of production means not just the surface of the earth, but everything in the universe that wasn't created by people. This includes all natural resources, such as air, water, plants, sunlight, rocks, and minerals. 
Examples:
1) Clothes ( because you have to be clothed)
2) Milk ( you immediately want to consume it)
3) Wine ( grapes go in wine comes out) 
You don't need to use the parenthesis I just wanted to explain to help you understand. 

4 0
2 years ago
Read 2 more answers
Shenandoah Springs Company is considering two investment opportunities whose cash flows are provided below:
Sunny_sXe [5.5K]

Answer:

PV Index = 1.158

Explanation:

Present value index is the ratio of discounted cash flows of the project divided by initial outlay required for the project thus first we calculate the Present Values for Investment B

Present value factors @ 12% for year 0, 1, 2, 3, 4 respectively.

1

0.893

0.797

0.712

0.636

Net Present Value = -9000 + (5000 * 0.893) + (4000 * 0.797) + (3000 * 0.712) + (1000 * 0.636)

NPV = $1425

Present value Index = NPV / Initial investment = 1425/9000 = 0.158

This can be interpreted as 1 + 0.158 = 1.158,

1 being the initial investment. You can also choose not to subtract the initial outlay when calculating NPV.

Hope that helps.

8 0
2 years ago
Read 2 more answers
Assuming equivalent units of conversion costs is 7,000 units (note this is not the answer for the above question) at the end of
monitta

Answer:

$157 per equivalent unit

Explanation:

Note: <em>The full question is attached as picture below</em>

<em />

Conversion cost per equivalent unit = Conversion costs added during February / Equivalent units of conversion costs

Conversion cost per equivalent unit = $1,100,000 / 7000 units

Conversion cost per equivalent unit = $157.14286

Conversion cost per equivalent unit = $157 per equivalent unit

6 0
2 years ago
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