Answer:
1.88%  and $1,339
Explanation:
The computation of the amount of change revenue is shown below:-
Amount of change revenue = Recent year - prior year
= $72,618 - $71,279
= $1,339
Percentage of change revenue = (Recent year - prior year) ÷ Prior years
= ($72,618 - $71,279) ÷ $71,279
= $1,339 ÷ $71,279
= 1.88%
We simply applied the above formulas
 
        
             
        
        
        
Answer:
c. Jane grandparents cannot claim her as a dependent because Jane provided more than half of her own support.
Explanation:
Based on the information given the statements regarding the dependency rules for Jane that is true is Jane grandparents cannot in any way claim Jane as a dependent reason been that Jane provided more than half of her own support due to the fact that she her s total support for is the amount of $30,000 which as well include a scholarship of the amount of $5,000 to help cover tuition in which Jane used the amount of $12,000 of her savings while her grandparents on the other hand only provided the amount of $13,000 out of the Total support of $30,000.
 
        
             
        
        
        
Answer:
Option (B) is correct.
Explanation:
Amount of which adjusting entry required:
= Amount of uncollectible accounts - Balance in Allowance for uncollectible accounts
= (Balance in accounts receivable × Estimated percentage of accounts receivable to be uncollectible) - Balance in Allowance for uncollectible accounts
= ($200,000 × 4%) - $2,000
= $8,000 - $2,000
= $6,000
Therefore, the adjusting entry is as follows:
Bad debt expense A/c      Dr.  $6,000
To Allowance for uncollectible accounts    $6,000
(To record the bad debt expense)
 
        
             
        
        
        
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