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Komok [63]
4 years ago
5

Prepare journal entries for each transaction listed. (If no entry is required for a transaction/event, select "No Journal Entry

Required" in the first account field.)
At the end of June, bad debt expense is estimated to be $12,800.
In July, customer balances are written off in the amount of $6,400.

1) Record the estimated bad debt expense of $12,800.2) Record the customer balances written off in the amount of $6,400.
Business
1 answer:
AysviL [449]4 years ago
7 0

Answer:

The journal entries are shown below:

Explanation:

According to the scenario, the journal entries for the given data are as follows:

(1). Jun.30   Bad Debt expense A/c Dr $12,800

                   To Allowance for Doubtful A/c $12,800

                    (Being the bad debt expense is recorded)

(2). July       Allowance for Doubtful A/c Dr $6,400

                   To Accounts Receivable A/c $6,400

                    (Being the customer balance written off is recorded)

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Answer:

a

Explanation:

Automatic fiscal policies are policies that adjust the economy automatically without the intervention of external agents . examples include progressive tax and transfer payments

In an expansion, progressive tax increases the tax paid and this reduces disposable income

In a contraction, tax paid is reduced and this increases disposable income

Congress passes a law during a recession that automatically extends unemployment benefits for those whose benefits will soon expire. this is an example of discretionary fiscal policy

Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.

4 0
3 years ago
Faller and Whitney Company, a firm that builds enterprise resource planning products for customers, wants to implement training
Arisa [49]

Answer:

Faller and Whitney should perform an organization analysis in order to assess the training needs within the organization.

Explanation:

A training instructional design process is a process that systematically develops training procedures to meet specific needs.

The steps involved in the development of an instructional design process are:

  1. Determine needs for training : employees that work in what areas and perform what tasks need training
  2. Ensure readiness for training : the employees must be willing to trained
  3. Plan the training program: set the objectives, who will be the trainers, and what methods  will be used
  4. Implement training program
  5. Evaluate results of training : are employees performing better? do they need additional training?

6 0
3 years ago
please discuss the similarities and differences between transformational and charismatic leadership. Choose an individual that q
Nookie1986 [14]

Answer:

The transformational leaders are bureaucratic and charismatic are people oriented in nature.

Explanation:

  • The charismatic leaders are also called as the transformational leaders and shares various things.
  • Charismatic leaders make their status better and transformational leaders focus on the transformation of the organization's vision. The main difference is the focus and the audience.
  • The charismatic leaders are committed and have engaging personalities like martin Luther king as his speeches were often more tangible than other leaders and used to have a huge influence on the people he met.
  • The charismatic leaders are more emotionally attached to their audience. They work towards an emphasis on the greater good. More people-oriented.

6 0
3 years ago
A taxpayer is looking to appeal a decision of a U.S. District Court, select the correct Court of Appeals district based on the s
Blababa [14]

The correct Court of Appeals district based on the States listed below are:

  • Tenth
  • Eighth
  • Ninth
  • Fifth
  • Seventh

<h3>What is a Court of Appeal?</h3>

This refers to the special court where people who are not satisfied with the judgement passed in a district court come to so that the case can be re-tried.

With this in mind, if a taxpayer in the United States is looking to appeal a decision which was made by a U.S. District Court, the correct Court of Appeals district based on Wyoming. b. Nebraska. c. Idaho. d. Louisiana. e. Illinois are:

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  • Fifth
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Read more about Appeal Court here:
brainly.com/question/39520

8 0
2 years ago
Barton Industries expects next year's annual dividend, D1, to be $2.00 and it expects dividends to grow at a constant rate g = 4
Gekata [30.6K]

Answer: See explanation

Explanation:

The flotation cost adjustment that must be added to its cost of retained earnings will be calculated thus:

= Expected dividend / [Current price × (1 - Floatation cost)] + Expected growth rate

= 2.00/[20.00 × (1 - 4.5%)] + 4.2%

= 2.00 /[20.00 × (1 - 0.045)] + 0.042

= 2.00 / (20.00 × 0.955) + 0.042

= (2.00/19.10) + 0.042

= 0.104712 + 0.042

= 0.146712

New cost of equity = 14.67%

You didn't give the cost of equity calculated without the flotation adjustment. Let's assume that this is maybe 11%, the floatation on adjustment factor = 14.67% - 11% = 3.67%

6 0
3 years ago
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