Answer: Bad Debt expense= $34,500
Explanation:
Bad debt expense is the account receivables that a business records amount that would not be received due to lack of payment by its customers.
Using the percentage of receivables method,
Estimated uncollectibles = $14,900
unAdjusted balance in Allowance account = $ 19,600 debit
Bad Debt expense = Estimated uncollectibles +Unadjusted balance of a debit = $14,900 + $19,600= $34,500
This amount of $34,500 will now be recorded through an adjusting entry, The Bad Debt expense will be debited.
Answer: Because the issuer official no longer holds elected office, the contribution limits of Rule G-37 do not apply.
Explanation:
Rule G-37 is a way to ensure that Municipal Issuers are not unduly influenced by those who donated to their campaigns to get into a position to become Municipal Issuers.
It prohibites for 2 years, Municipal Finance Professionals (MFP) amongst others from engaging in municipal securities business with a Municipal issuer.
An exception however, is that if the MFP is entitled to a vote for the Official in question, they can donate no more than $250 per election.
Seeing as the Municipal Issuer Officer has lost her position, the MFP need not worry about this $250 limit as it no longer applies to her. The MFP is free to donate $500 to the "clean-up" campaign.
Answer:
Explanation:
Asset=Liabilities + Equities
Genuinely put, total go with the float is the quantity of time that a hobby may be behind schedule without delaying the task. however, free flow is the quantity of time that a pastime can be delayed without delaying the early start of its successor.
Interfering go with the float is the maximum quantity of time an activity may be behind schedule without delaying the early start of the succeeding activities and without the allowable put off of any predecessor interest.
Float, additionally known as is the quantity of time beyond a task's scheduled crowning glory that an inside the task. total float is the amount of time an inside an undertaking that can be behind schedule without the assignment closing date.
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