Answer:
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Explanation:
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Answer and Explanation:
The journal entries are shown below:
On December 31
Bad debt expense Dr $5,232 ($654,000 × 0.80%)
To Allowance for doubtful debts $5,232
(To record the bad debt expense)
On Feb 01
Allowance for doubtful debts Dr $327
To Account receivable $327
(To record the uncollectible amount)
On June 5
Account receivable $327
To Allowance for doubtful debts Dr $327
(To record the uncollectible amount)
On June 5
Cash Dr $327
To Account receivable $327
(To record the cash received)
The value is formed by the the particular belief related to an idea or behaviour.
Explanation:
The values are the principles, standards or qualities of an individual or group of people hold. They are our own words, thoughts or actions. It is very important because they helps us to grow and develop. the decisions are made based on the values and beliefs.
The values comes from various sources such as family, workplace, educational institution, music, media, technology, culture and so on.
The most important common values are integrity, respect, excellence, responsibility. The values mainly focuses on the person's behaviour and attitude in all situations.
Answer:
The amount Nenn debited to write off actual bad debt is $17,000
Explanation:
Please see computation below
Given that;
Beginning balance of allowance for uncollectible = $180,000
Ending balance of allowance for uncollectible = $190,000
Bad debt expenses reported = $27,000
With regards to the above information,
the net write off for actual bad debts is
= $180,000 + $27,000 - $190,000
= $17,000
Answer:
Required return will be equal to 9.30%
Explanation:
We have given current dividend of the year = $2.00 per year
Current price = $21.50
We have to find the market required return
Required return is equal to ratio of current dividend and current price
Required return
= 9.30 %
So required return will be equal to 9.30 %
