Answer:
Dr. Allowance for Doubtful Accounts...1,200
Cr. Accounts Receivable....................................1,200
Explanation:
When a specific customer's account is identified as uncollectible, the journal entry to write off the account is:
A credit to Accounts Receivable (to remove the amount that will not be collected)
A debit to Allowance for Doubtful Accounts (to reduce the Allowance balance that was previously established)
Therefore the JOURNAL ENTRIES for the $1,200 uncollectible debt will be
Dr. Allowance for Doubtful Accounts...1,200
Cr. Accounts Receivable....................................1,200
Answer:
Inventory= $251,540
Explanation:
Giving the following information:
Swifty Company took a physical inventory on December 31 and determined that goods costing $203,600 were on hand. Not included in the physical count were $25,420 of goods purchased from Pelzer Corporation, f.o.b. shipping point, and $22,520 of goods sold to Alvarez Company for $32,230, f.o.b. destination.
Both the purchase and the sale must be accounted for in inventory. The purchase is FOB shipping point, therefore it is responsibility os Swifty. The sale was made FOB destination, as it is in transit, it is the responsibility of Swifty.
Inventory= 203,600 + 25,420 + 22,520= $251,540
Answer:
The purpose of having a minimum wage is to guarantee that workers are paid fairly and not exploited.
Answer:b
It is essential for companies to invest in building a complete data and analytics platform to generate insights by housing data in one place and converting it into easily consumable information at high speed.
<h3 /><h3>Data and analytics platform</h3>
It corresponds to automated services and technology capable of processing a large amount of complex data and transforming it into relevant information in an organization.
Therefore, storing data on a platform can help to understand organizational scenarios, identify patterns, visualize and combine information to support organizational decisions more effectively and quickly.
The correct answer is:
- It generates insights by housing data in one place and converting it into easily consumable information at high speed.
Find out more information about analytics platform here:
brainly.com/question/25893584
Answer:
Marginal benefits and marginal costs.
Explanation:
