Answer:
Journal Entry
Dr. Allowance for doubtful accounts $5,880
Cr. Account Receivable $5,880
Explanation:
When a receivable of the business is considered to be non-collectible from a customer, it is written off from the accounts. This event will decrease the account receivable balance and allowance for the doubtful accounts too. a Debit entry in the Allowance for doubtful account and a credit entry in accounts receivable is made to incorporate the effect of this transaction.
When rain falls on a sanitary landfill, a potential environmental problem is the formation of <u>Leach-ate</u>.
<h3>What is Leach-ate?</h3>
When rain falls on a sanitary landfill and dissolves some solids into it, the water that is formed is known as leach-ate.
Leach-ate in this instance is quite toxic and can lead to the pollution of ground water when it is absorbed into the ground.
In conclusion, a potential problem is the formation of leach-ate.
Find out more on leach-ate at brainly.com/question/6470670.
<h2>Macroeconomics is the study of the economy as a whole while microeconomics deals with the individual decision-making units.</h2>
(Option A) is the right answer
Explanation:
Microeconomics is taken from the Greek prefix called "mikro" which means "small". This is one of the branches of economics which talks about the study of behavior of individuals and firms in making decisions regarding the allocation of scarce resources. It also deals with the interactions among these individuals and firms.
Macroeconomics deals with "large-scale or general economic factors"
It is the study of "National economy"
Eg. Aggregate supply, Aggregate demand , Inflation.
Answer and Explanation:
a. The amount of the adjusting entry for uncollectible accounts is
= $225,000 - $19,670
= $205,330
b. the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense is
For account receivable it is $1,975,000
For allowance for doubtful debts, it is $225,000
And, for bad debt expense, it is $205,330
c. The net realizable value of accounts receivable is
= $1,975,000 - $225,000
= $1,750,000
The Federal Reserve discount rate is the rate of interest charged on loans from the Federal Reserve to commercial banks.
<h3>What is
discount rate?</h3>
The discount rate serves as the interest rate that is been charged to commercial banks as well as other banks.
This is been charged as a result of the loans they took from the Federal Reserve Bank and this is been charged based on agreed interest rate and this can help to know present value of future cash flows.
Learn more about discount rate at:brainly.com/question/7459025
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