Ok, I'm going to tell you how to calculate it and the answer.
so what you do is add up your assets and then add up your liabilities.
then you subtract your liabilities from your assets in this case your assets add up to 4,700 and your liabilities add up to 3,500.
then you subtract 4,700 from 3,500 since your liability is a lower number.
And then your answer would be $1,200 dollars hope it helped :D
Answer:
Dr Bad Debt Expense $44,000
Cr Allowance for Doubtful Accounts $44,000
Explanation:
Preparation of What adjusting Journal entry should the company make at the end of the current year to record its estimated bad debts expense
Based on the information given the adjusting Journal entry that the company should make at the end of the current year to record its estimated bad debts expense will be:
Dr Bad Debt Expense $44,000
Cr Allowance for Doubtful Accounts $44,000
(Net Sales 2,200,000*Estimated 2.0% of net sales)
(Being to record estimated bad debts expense)
A fixed-rate mortgage's great benefit would be that your monthly payment won't change throughout the duration of the loan. The principal and interest, which make up a portion, won't alter.
What is a mortgage and how does it take a job?
When you get a mortgage, your lender will give you a certain amount of money to buy the house. You agree to pay interest while repaying the loan over a period of years.
What salary is used to cover the mortgage?
The 28% rule states that your mortgage payment ought to be 28% less than of your gross monthly income. To figure how much you can spend using this strategy, multiply your monthly total pay by 28%.
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Answer:
True
Explanation:
Now the initial jounal entry of the Unearned Fees was recorded as:
Dr Cash received XX
Cr Unearned Fees XX ........... Is a liability
Now the reason why the statement is true can be best explained from the following equation:
Equity = Ordinary Stock + (Revenue - Expense - Dividend)
Now just look at the above equation and the journal entry, the unearned fees increased the liability and if this amount is not waived off to the amount the unearned fees are converted to earnings, I mean if you have received the amount for 3 months services in advance and only one month services are delivered then the 1/3 part of the unearned fees will recognized as earned. If it is not complied then we can see in the above equation that the revenue would decrease and this decrease will decrease the equity.
<span>Which promotion exemplifies the use of a fixed-ratio schedule of reinforcement? A café prints "you are a winner" on a random one-twelfth of its coffee lids; patrons receiving such a lid can redeem it for a free beverage. A fixed-ratio schedule of reinforcement, which a response is reinforced when there is a set number of responses. Every set number of people purchasing the coffee have a chance to win a free beverage. </span>
