Answer:
(a) What was the total of accounts written off during the first 11 months?
bad debts written for the first 11 months = allowance for bad debt accounts January 1 balance + bad debt expense - allowance for bad debt accounts November 30 balance = $13,085 + $21,937 - $9,919 = $25,103
(b) As the result of a comprehensive analysis, it is determined that the December 31, 2010, balance of the Allowance for Bad Debts account should be $9,450. Show the adjustment required in the journal entry format.Allowance for bad debt Debit $Bad debt expenses Credit $
to determine the amount of bad debt expense that must be adjusted, we must subtract the estimated balance in December 31 from the balance in November 30 = $9,919 - $9,450 = $469. Since the November 30 amount is larger, it means that we over estimated our bad debt expense and it must be reduced:
Dr Allowance for doubtful accounts 469
Cr Accounts receivable 469
Answer:
Answer for below mentioned points is in the attached image :
Use a decision tree to determine whether Moon should add capacity to its Santa Clara plant or if it should outsource to Molectron. What are some other factors that we have not discussed that would affect this decision?
Explanation:
Real estate attorney is the point in the residential selling process does the real estate professional prepare a comparative market analysis.
Real estate is property that consists of land and buildings on it, as well as natural resources such as crops, minerals and water. real property of this kind; a related interest in property, buildings, or dwellings in general;
Property is private property in the form of buildings or land. Property can be for residential, commercial or industrial use and includes any land-based resource such as water or minerals.
Real estate is generally a great investment opportunity. It can generate ongoing passive income and can be an excellent long-term investment if the value increases over time. It can also be used as part of an overall strategy to start building wealth.
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