It's from phase 2 (family maturity) to phase 3 (retirement).
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Answer:
Explanation:
The journal entry to record the bad debt expense is shown below:
Bad debt expense A/c Dr $11,181
To Allowance for doubtful debts $11,181
(Being bad debt expense is recorded)
The computation of the bad debt expense is shown below:
= (Accounts receivable × estimated percentage given
) - (credit balance of Allowance for Doubtful Accounts)
= ($206,300 × 7%) - ($3,260)
= $14,441 - $3,260
= $11,181
Explanation:
The adjusting entry is shown below:
Supplies expense A/c Dr $5,130
To Supplies A/c $5,130
(Being supplies account is adjusted)
The supplies expense is computed below
= Purchase of supplied made - supplies still on hand
= $7,160 - $2,030
= $5,130
We simply debited the supplies expense account and credited the supplies account
Answer:
a. Letter
Explanation:
A letter is written communication from one party to another. Letters are written on a designated paper, put in an envelope and send either by post or hand-delivered.
A letter can be formal or informal. Daniel should write a formal letter to his boss informing him of his resignation. Should Daniel write a letter, It will an official document in the company. The company will be file the document appropriately and will stay intact for many years.
Daniel can also keep a copy of the letter for himself. A letter has an advantage over the other electronic options. Electronic records can be deleted permanently or get lost should the systems collapse.
Divide the amount to distribute by the number cf shares.
$15,000.00 / 150shares = $100/shate
Abswer: option a.
