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Answer:
Dr Bad debt expenses $ 32,400
Cr Allowance for doubtful accounts $ 32,400
Explanation:
Preparation of the adjusting entry that the company should make at the end of the current year to record its estimated bad debts expense
Dr Bad debt expenses $ 32,400
Cr Allowance for doubtful accounts $ 32,400
($31,500+$900)
( To record its estimated bad debts expense)
Estimated Bad debts expense =Account receivables + Debit balance
Estimated Bad debts expense= $31,500 + 900
Estimated Bad debts expense=$32,400
Compensation paid in proportion to the number of units of personal output best describes piece rates. When an employee is paid on a piece rate, they are paid per unit.
This means that the worker is paid based on how much is picked, packed, pruned, or made. The piece rate system boosts employee productivity by making sure they are focused on achieving their goals. A worker can be employed to work shifts that are paid hourly and on a piece rate basis.
An employee is compensated on a piece rate basis. This indicates that the amount picked, packed, pruned, or made determines the employee's compensation rate. Piece rates are used instead of the hourly or weekly pay rate when payment is made.
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The export of crops from the New World to the Old World transformed European society mainly by improving the diets of the population, which consequently increased population growth.
<h3 /><h3>How did the colonization of the new world benefit Europe?</h3>
The discovery of America by European explorers made the place known as the New World, due to the fact that there were lands and riches that were used by Europeans for the crops and exploitation of precious metals for the enrichment of the European metropolis.
Therefore, the colonization of the New World made Europe rich through the exploitation of the resources of the conquered lands, increasing the supply of raw materials and reducing the scarcity of society.
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