Answer:
Debit Allowance for doubtful debts $1,200
Credit Accounts receivable $1,200
Being entries to write off uncollectible debt on December 1
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
Where a debit that had previously been determined to have gone bad gets settled, debit cash and credit bad debt expense.
Answer: $8
Explanation:
Total loan is $3,000
Monthly instalments of $258
Tenor of 12 months
Total interest paid on loan = $258 x 12= $3,096
Interest = $3,096 - $3,000 = $96
Apr = $96/$3000= 0.032
= 0.032 x 100
= 3.2% annual rate
= 3000 x 3.2%
= 96/12 = $8
plural noun: stakeholders
1.
(in gambling) an independent party with whom each of those who make a wager deposits the money or counters wagered.
2.
a person with an interest or concern in something, especially a business.
Answer: Forced
Explanation: In simple words, forced migration refers to a process under which a particular community of people is forcefully dread out from their own country due to extremism of the one's in majority.
In the given case, the boy migrated from the country because his community was tortured there hence this case depicts forced migration.
Answer: A. $53,300,000
Explanation:
Year 2019 balance for Investment
= Cash + Net income - amortization
Net income = Beginning retained earnings 2020 - Beginning retained earnings 2019
= 11 - 8
= 3 million
Balance 2019 = 50 + 3 - 1
= $52 million
Year 2020 balance
= Opening balance + Net income - amortization
= 52 + 1.8 - 0.5
= $53.3 million
= $53,300,000
