1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aalyn [17]
3 years ago
5

The allowance method of estimating uncollectible accounts receivable based on an analysis of receivables shows that $839 of acco

unts receivable are uncollectible. Allowance for Doubtful Accounts has a debit balance of $198. The adjusting entry at the end of the year will include a credit to Allowance for Doubtful Accounts in the amount of ______.
Business
1 answer:
In-s [12.5K]3 years ago
6 0

Answer:

$1,037

Explanation:

Allowance for doubtful accounts is a contra asset account that must have a credit balance since it reduces the value of accounts receivable. In this case, since the account had a debit balance of $198, and the ending balance of the account should be $839, then we must credit = $839 + $198 = $1,037

The adjusting entry should be:

December 31, adjusting entry allowance for doubtful accounts

Dr Bad debt expense 1,037

    Cr Allowance for doubtful accounts 1,037

You might be interested in
Describe what happens on Pascual's trip to Cuba based on the cues provided. Questions NOTA CULTURAL La Habana Vieja, Cuba, is th
vesna_86 [32]

This is what happens on Pascual's trip to Cuba:

  1. Ellos me cantan una canción.
  2. Él les compra libros a sus hijos en la Plaza de Armas.
  3. Yo te preparo el almuerzo.
  4. Él le explica cómo llegar al conductor.
  5. Mi novia nos saca una foto a nosotros.
  6. El guía les muestra la catedral de San Cristóbal a ustedes.

<h3>Indirect object pronouns</h3>

In this exercise, you have to write the sentences with the correct Spanish indirect object pronouns (''pronombres de objeto indirecto'' in Spanish). You use indirect object pronouns when you want to say to whom or for whom something is done.

I was able to find the complete exercise online.

Check more information about indirect object pronouns here brainly.com/question/11426303

3 0
2 years ago
What is an advantage of using a comparsion method of assesment ?
stepan [7]
B (sorry if its wrong!!)
5 0
2 years ago
After a prolonged period of high inflation the government of Atlantia decides to set a target of 0% inflation going forward. As
s2008m [1.1K]

The best support against a 0% inflation target given by the economic literature is c. A 0% inflation target could lead to deflation.

<h3>Why is a 0% inflation target risky?</h3>

If 0% inflation is targeted, the policy might be so effective that inflation becomes negative and deflation happens.

When deflation happens, the economy will experience hardships with lower production levels that will impact other sectors of the economy.

Options for this question include:

a. It is undisputed that too little inflation interferes with the downward adjustment of real wages.

b. Moderate to high inflation is popular among consumers.

c. A 0% inflation target could lead to deflation

Find out more on deflation at brainly.com/question/13562161.

#SPJ12

6 0
2 years ago
The income statement for Splish Traveler Company shows cost of goods sold $307,000 and operating expenses (exclusive of deprecia
enyata [817]

Answer:

a. $349,700

b. $209,900

Explanation:

The computation is shown below:

Before computing the cash payment made to supplier first we have to find out the purchase amount which is shown below:

(a) Change in Finished goods + purchase = Cost of goods sold

-$25,800 + purchases = $307,000

So, the purchase is $332,800

Now

Cash paid to supplier is

= $332,800 + $16,900

= $349,700

And,

(b) Cash paid for operating expenses is

= $229,000 - $8,000 - $11,100

= $209,900

5 0
3 years ago
Industry-level strategy is a corporate strategy that addresses the question "how should we compete against a particular firm in
Alik [6]
The answer is false.
8 0
3 years ago
Other questions:
  • What are the main government restrictions on sole proprietorships?
    15·2 answers
  • Where is a good place for highschool​
    5·1 answer
  • HELP ASAP!! The question is “add your income from lines 1-5 and add it here since lines 2-5 dont apply to you your total income
    8·1 answer
  • Blue Spruce Corp. sells equipment on September 30, 2019, for $17,600 cash. The equipment originally cost $72,700 and as of Janua
    7·1 answer
  • A monthly fixed rate mortgage payment
    9·1 answer
  • C. Describe how organizational structure can impact the effectiveness of the business in the scenario by doing the following: 1.
    9·1 answer
  • Gaggle Inc. decides to wrongly infringe on Chirp Chirp's patent and establish a similar "knock-off" product because Chirp Chirp
    5·1 answer
  • Sales Mix and Break-Even Analysis Michael Company has fixed costs of $2,313,840. The unit selling price, variable cost per unit,
    13·1 answer
  • What are the advantages and disadvantages for companies of product endorsements?
    6·1 answer
  • The producers of Power Drink promote their drink over Energy Plus Drink in their advertisements. This type of advertisement is r
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!