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Tju [1.3M]
3 years ago
9

Hillside Garden Co. uses the aging of accounts receivable method to determine its allowance for uncollectible accounts. On Janua

ry 16, Hillside Garden Co. wrote off an uncollectible account in the amount of $1,300. What effect does the write off have on the company’s financial statements
Mathematics
1 answer:
Dmitry_Shevchenko [17]3 years ago
5 0

Answer:

The answer is: The write off will reduce the Accounts Receivables account in the balance sheet by $1,300.

Step-by-step explanation:

When you use the aging method for determining uncollectible accounts, this will affect the balance sheet.

The January 16 records should be:

  • Dr Allowance for Doubtful Accounts 1,300
  • Cr Accounts Receivables 1,300

The write off will reduce the Accounts Receivables account in the balance sheet by $1,300. The Allowance for Doubtful Accounts account is a contra asset account that reduces the value of assets in the balance sheet.

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Solve f (x)=3x+6 f(300)
sveta [45]

Answer:

f(300)=906

Step-by-step explanation:

f(x)=3x+6\\\\f(300)=3(300)+6\\\\f(300)=900+6\\\\\boxed{f(300)=906}

Hope this helps.

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Simplify the expression.<br> c^-6 d^4/c^-16 d^14
pochemuha

Answer:

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Step-by-step explanation:

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Convert 35 inches to yards. Explain or show how you got your answer.
Gwar [14]

Answer:

0.972222 yards

Step-by-step explanation:

35/36= 0.972222

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4 0
3 years ago
Read 2 more answers
The marching band sold gift wrap priced at $4.00 per roll for solid colors and $6.00 per roll for print patterns. If they sold 4
Alex Ar [27]

Answer:

The number of gift wrap rolls for solid colors sold was 270 and the number of gift wrap rolls for sprint patterns sold was 210

Step-by-step explanation:

Let

x ---> the number of gift wrap rolls for solid colors sold

y ---> the number of gift wrap rolls for sprint patterns sold

we know that

x+y=480 ---->x=480-y ----> equation A

4x+6y=2,340 ----> equation B

Solve the system by substitution

substitute equation A in equation B

4(480-y)+6y=2,340

solve for y

1,920-4y+6y=2,340

-4y+6y=2,340-1,920

2y=420

y=210

<em>Find the value of x</em>

x=480-y ----> x=480-210=270

therefore

The number of gift wrap rolls for solid colors sold was 270 and the number of gift wrap rolls for sprint patterns sold was 210

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3 years ago
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