Answer:
Raining Company and Tanning Company
An Uncollectible Expense of $17,500 will be credited to the Allowance for Doubtful Accounts to bring the credit balance to $20,000.
Step-by-step explanation:
Since the accounts receivable balance is $200,000, there is nothing to do with the credit sales of $1,300,000.
The Allowance for Doubtful Accounts after adjustment should have a credit balance of $20,000 ($200,000 x 10%).
With a credit balance of $2,500 before adjustment, it will be adjusted (credited) with Uncollectible Expense of $17,500. This brings the adjusted balance to $20,000 which represents 10% of the accounts receivable balance of $200,000.
Note that the Allowance for Doubtful Accounts is a contra (credit) account to the Accounts Receivable account. This allowance is a way to prudently provide for credit risk as required by Generally Accepted Accounting Principles.
Answer:
y = 2
Step-by-step explanation:
Algebraic Equation is an equation where alphabets are used to represent numbers.
Solving the above question,
Let the number = y
Therefore,
Sum of the number = y + 3
If it's subtracted from 10 it becomes
10 - ( y + 3 )
The result : 10 - y - 3 = 5
- y = 5 - 10 + 3
- y = -2
Therefore,
y = 2
Answer:
0.049
Step-by-step explanation:
Since the number next to nine is four so we just write out the first two significant figures which excludes zero
