Answer:
Net income = $20,940
Explanation:
Answer 1.
Accounts
Cash Receipts 32,000
Expenses
Advertising 500
Depreciation 3,200
Car & Truck Expense 1,360
Employee Compensation 5,000
Education 1,000 11,060
Net Income 20,940
Therefore, the net income that Smith should report from his business after considering all the cash receipts and all the expenditures associated with his business is $20,940. All the expenses are to be deducted from income.
Answer:
What is allowance for doubtful debt?
This represents management's estimate of the amount of accounts receivable that will not be paid by customers. They are amount owed by debtors, whose likelihood of collection is not certain.
1 Bad debts expense Dr ($18,000 × 0.25%) $45
To Allowance for Doubtful Accounts $45
(Being the bad debt expense is recorded)
2. Bad debts expense $45
($72 - $27)
To Allowance for Doubtful Accounts $45
(Being the bad debt expense is recorded)
3 Bad debts expense $105
($72 + $33)
To Allowance for Doubtful Accounts $105
(Being the bad debt expense is recorded)
4 Allowance for Doubtful Accounts $15
To Accounts Receivable $15
(Being the allowance for doubtful accounts is recorded)
Learn more about allowance for doubtful debts here : brainly.com/question/25687295
Explanation:
Answer:
He has a teenage daughter that was pregnant or with a little child.
Explanation:
The Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) vouchers are vouchers provided by the federal government to states to ensure that low income pregnant teenager or women, infants and children have access to supplemental food, healthcare, etc. This is in a bid to ensure that every pregnant woman, their children or infants are well taken care of and have access to better health system among other things.
These vouchers cater for over millions of people through their over 40,000 merchants all over the world.
Cheers.
The democratic style of leadership seeks information, opinions, and preferences, sometimes to the point of meeting with the group, leading discussions, and using consensus <span>or majority vote to make the final choice.</span>
