How much money to give federal agencies
About 78 percent of U.S households have one or more credit cards.
Answer:
Following are the solution to this question:
Explanation:
In point 1:
Date Title post reference Dr. Cr.
30-sep Method work – refining 141 388000
Materials 131 385000
In point 2:
Date Title post reference Dr. Cr.
30-sep Method work – refining 141 141000
Payable Wages 251 141000
In point 3:
Date Title post reference Dr. Cr.
30-sep Method work – refining 141 96800
Factory overhead- refining 151 96800
In part B:
Date Title post reference Dr. Cr.
30-sep Method work – Sifting 142 625600
Method work – refining 141 625600
True, i think this is more of an opinion type question
Answer:
The journal entry to be recorded for the following is shown below:
Explanation:
The journal entry to be recorded for the following is as:
Bad debt expense A/c................................Dr $3,500
Allowance for doubtful accounts A/c.......Cr $3,500
Being record the estimated bad debt expense
As the company estimated $3,500 will be uncollectible amount for the following year, so the bad debt expense will be debited as there is increase in the expense of the company and it is against the allowance for the doubtful accounts. Therefore, the account of allowance for the doubtful is credited.