Answer:
b) debit accounts receivable, credit capital
Explanation:
Performing service is part of normal business activities. It generates revenue for the business.
Once a service has been performed, revenue increases. Revenue is an equity account (it increases the owner's equity). An increase to an equity account is recorded by crediting the account.
The payment will be received in 30 days. This is an increase in accounts receivables ( asset account). An increase in assets is recorded as a debit.
Answer:
(D) $ 1,450
Explanation:
The ending balance in allowance for uncollectible accounts is calculated by the following equation.
Opening Balance + Allowance for the year - Receivables written off = Ending Balance
$ 1,610 + $ 1,590 (0.5 % of sales on credit, $ 318,000 *0.5%) - $ 1,750 ( Receivables written off) = Adjusted allowance for uncollectible accounts <u>$ 1,450</u>
The amounts collected are not relevant in calculating the ending balalnce
Answer:
Can you simplify your question. We ask of you to simplify the question so its easier to com up with a answer
Explanation:
SIMPLIFY THE QUESTION
There are many disadvantages of investing in real estate and one of it is A) Investors need expert help.
<h3>What is Real estate?</h3>
The investment in property is known as real estate investment. There are many investors who invests in such assets, and earn rentals and capital gains.
The investment in real estate needs expert advice as the person who is the advisor should have the market information so that the perfect price can be quoted in order to purchase or sell an asset.
Learn more about Real Estate at brainly.com/question/27237569
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<em><u>The equation shows the relationship between her weekly salary (w), hours per week (h), and rate per hour (r) is:</u></em>
<em><u>Solution:</u></em>
Given that,
Alice earned $12 per hour
1 hour = $ 12
<em><u>Find the number of hours in 1 week</u></em>
1 day = 24 hours
1 week = 7 days
Therefore,
1 week = 7 x 24 = 168 hours
Let "h" be the hours per week
let "r" be the rate per hour
Let "w" be the rate per hour
From given,
r = $ 12
h = 168 hours
weekly salary = hours per week x rate per hour
Thus, she earns $ 2016 for 1 week
