Answer:
Accounts Receivable with a balance of $1,800
Explanation:
Transcription error is the kind of error, which has a particular kind of error of data entry, which is usually made through the human operators or through the programs of optical character recognition.
Trial balance is the account which is prepared to verify the aggregate of all accounts with the debit balance with the aggregate of total of all accounts with credit balance.
When there is error on the credit and debit balance, then the account of accounts receivable will contain the balance of the error which amounts to $1,800.
Answer:
A. total revenues cover total variable cost
Explanation:
In the case of the shory run, if the price is more or equivalent to the avergae variable cost so the firm would continue to operate
That means
P = AR >= AVC
where,
P = Price
AR = Average revenue
AVC = average variable cost
Therefore as per the given situation, the option A is correct
hence, the same is to be considered
Answer:
What is allowance for doubtful debt?
This represents management's estimate of the amount of accounts receivable that will not be paid by customers. They are amount owed by debtors, whose likelihood of collection is not certain.
1 Bad debts expense Dr ($18,000 × 0.25%) $45
To Allowance for Doubtful Accounts $45
(Being the bad debt expense is recorded)
2. Bad debts expense $45
($72 - $27)
To Allowance for Doubtful Accounts $45
(Being the bad debt expense is recorded)
3 Bad debts expense $105
($72 + $33)
To Allowance for Doubtful Accounts $105
(Being the bad debt expense is recorded)
4 Allowance for Doubtful Accounts $15
To Accounts Receivable $15
(Being the allowance for doubtful accounts is recorded)
Learn more about allowance for doubtful debts here : brainly.com/question/25687295
Explanation:
The extra money you pay back is called interest.
I hope this helps!
Answer: $3,826
Explanation:
Discount received on terms 2/10 = (Purchase value – Cost of merchandise returned) x Discount Rate
= $4,000 - $300 x 2%
= $3,700 x 2%
= $74
if the company paid the invoice within the discount period, Then the total cost of this merchandise
Total cost of merchandise = Value of merchandise purchased– Cost of merchandise returned + Transportation Costs - Amount of discount received
= $4,000 - $300 + $200 - $74
= $3,826