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bija089 [108]
2 years ago
12

The rate of inventions PRIOR to the Restoration of the Gospel was greater than the rate of inventions AFTER the Restoration.. Tr

ue False
Business
1 answer:
xz_007 [3.2K]2 years ago
6 0

Answer: FALSE

Explanation: Innovations is the term used to refer to the invention or creation of new things,new ideas,new ways to solving the problems of man or to understand things or issues.

The rate of Innovation after the restoration of the Gospel is more and better now when compared to the days prior to the restoration of the Gospel. People now understand the Gospels with better knowledge,the interpretation is good and correct now.

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(C) Unaffected.

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During the​ year, credit sales amounted to​ $820,000. Cash collected on credit sales amounted to​ $780,000, and​ $15,000 has bee
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The ending balance in the Allowance for Bad Debts is​ 20,500 CREDIT

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The ending balance of Allowance for bad debts would be the 2.5% of sales

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Notice it state <em>"company adjusted for bad debt expense"</em>

This means<u> it debit this account as much as it needed to be</u> to make allowance match the estimate allowance.

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So the ending balance is:

<em>2.5% of credit sales of 820,000 = $20,500</em>

It is important to remember that <u>Allowance is a counter-asset account</u>. His <em>normal balance is credit</em>, so the<u> final balance is credit.</u>

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I'm on here most of the time.

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