The amount of the bad debts expense adjusting entry is:$7665.
<h3>Bad debt expenses</h3>
Using this formula
Bad debt expenses=Sales×Estimated sales percentage
Where:
Sales=$1,095,000
Estimated sales percentage=0.7%
Let plug in the formula
Bad debt expenses=$1,095,000×0.7%
Bad debt expenses= $7,665
Therefore the amount of the bad debts expense adjusting entry is:$7665.
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A paying any taxs that are due on the estate
US lifestyle shifts have expanded the careers for "daycare providers", since many more women have joined the work force in the past two decades--meaning that they can't be at home with their children.
Answer:
The correct answer is: may have equal or increasing amounts applied to the principal from each loan payment.
Explanation:
Amortization can be defined as the process of spreading out the loan in monthly payments. An amortized loan has scheduled periodic payments for both interests as well as principal. If the payments for each period are equal it is called a fully amortized loan.
In amortized loans the interest is paid off first then the amount excess of interest reduces the principal. A common example of amortized loans is auto loans, home loans.
The payments for amortized loans can be equal or unequal for each period.
