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Georgia [21]
3 years ago
14

An aging of a company's accounts receivable indicates that $4,000 are estimated to be uncollectible. If Allowance for Doubtful A

ccounts has a $1,200 debit balance, the adjustment to record bad debts for the period will require aa. debit to Bad Debts Expense for $4,000.b. debit to Allowance for Doubtful Accounts for $5,200.c. debit to Bad Debts Expense for $5,200.d. credit to Allowance for Doubtful Accounts for $4,000.
Business
1 answer:
alex41 [277]3 years ago
6 0

Answer:

2800

Explanation:

By the following we get:

4000 - 1200 = USD 2800/-

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Answer:

not rescind the contract

Explanation:

According to the given situation, Veronica offers to Rowena to purchase his luxurious sedan by saying that it has been into an accident. After that Rowena hires Laszlo who is a mechanic to repair the sedan. Here Laszlo told Rowena that this sedan is mostly into an accident, after knowing these details Rowena is decided to purchase a car. After some time, Rowena faces a mechanical problem, here she can not break the contract as she already knew that car is have been into an accident mostly.

Therefore, the right answer is she cannot rescind the contract.

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3 years ago
The account Unrealized Gain (Loss) on Available-for-Sale Investments should be included on the a.statement of retained earnings
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For these types of instruments, the company will record the Unrealized Gains (losses) in Other Comprehensive Income. This is a part of the Equity Section of the balance sheet.

At the end of the period, the Unrealized Gains (losses) resulting from the Available for Sale Securities do not go to the income statement but rather are put into the Accumulated Other Comprehensive Income distinction in the Equity section of the balance sheet. You can find it right below the Retained Earnings line.

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