Answer: False
Explanation:
The revenue account for a Retail Merchandising Business is also known as the Sales Account.
When goods are sold they are credited to the Sales Account and it is no different here.
Therefore, When a Retail Merchandising Business sells goods to a customer the amount of the sold merchandise is credited to the Sales Account which makes the above statement false.
Speed = distance/time
= 265/5
= 53 mph
hope this helps :)
The amount that should be debited to Bad Debts Expense, assuming 3% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible is $1,913
<h3>What is bad debts expenses?</h3>
Bad debt are debts owned to a business which cannot be recovered. Here, the customer has chosen not to pay this amount.
Computation of amount to be debited to Bad Debts Expense:
= Accounts Receivable, debit balance of $97,800 * 3% of outstanding accounts receivable at the end of the current year
= $97,800 * 3%
= $2,934
Then,
= $2,934 - $1,021
= $1,913
Hence, the amount that should be debited to Bad Debts Expense, assuming 3% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible is $1,913
Learn more about bad debts expenses here : brainly.com/question/18568784
Answer:
the relationship between management and labor from one of conflict to one of cooperation.
Explanation:
The goal of Frederick Taylor and scientific management is to increase labor efficiency. He proposed specialization and training in order to have more efficient workers that can produce more per hour. At the same time, Taylor advocated for higher pay if efficiency and productivity increased. For example, if a worker produces 100 units, he/she should be paid twice than a worker that produces only 50 units.
Answer:
The answer is D. owner's equity, debit balance
Explanation:
Drawing is the money or goods taken out from business by its owner. This act is usually common in partnership or sole proprietorship.
A drawing is not an expense, rather it is a reduction in owner's equity.
To credit owner's equity means to increase its equity and to debit owner's equity means to decrease or reduce its equity.
Since, drawing is a reduction in owner's equity, we debit owner's equity making option D. the correct answer.
Option A and B are wrong because drawings are not classified as an expense.
Option C is also wrong because a drawing is never a liability.
