1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
horsena [70]
3 years ago
7

Johnson Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is established as a

percentage of credit sales. During the year, net credit sales totaled $600,000, and the estimated bad debt percentage is 2%. The allowance for uncollectible accounts had a credit balance of $5,600 at the beginning of the year and $4,700, after adjusting entries, at the end of the year. What is the amount of accounts receivable written off during the year
Business
1 answer:
Nikitich [7]3 years ago
8 0

Answer:

$12,900

Explanation:

Calculation for the amount of accounts receivable written off during the year

Beginning Balance $5,600

Add Bad debt expense $12,000

(2% x $600,000)

Less End-of-year balance ($4,700)

Accounts receivable written off $12,900

($5,600+$12,000+$4,700)

Therefore the amount of accounts receivable written off during the year will be $12,900

You might be interested in
Naomi has just arrived for her first day at work at GloboTech, a large technology company. The first thing the hiring manager, E
Anna11 [10]

Answer:

orientation is the correct answer.

Explanation:

5 0
3 years ago
Bramble Corp. has $3960000 of 9% convertible bonds outstanding. Each $1,000 bond is convertible into 30 shares of $30 par value
natta225 [31]

Answer: Credit of $217480 to Paid-in Capital in Excess of Par

Explanation:

The following information is given in the question as:

Debit: Bonds payable = $1,250,000

Debit: Premium on bonds payable = $92480

Credit: Common stock = $1,125,000

Credit: Paid in capital in excess of Par = $217480

The above were calculated as:

Common stock = ($1250,000/$1,000) × 30 × 30

= $1250 × 90

= $1,125,000

% Conversion will be:

= $1,250,000 / $3960000 = 0.32

Unamortized bond premium will then be:

= 0.32 × $289,000

= $92,480

Paid in capital in excess of par will be:

= $1,250,000 + $92,480- $1,125,000

= $217,480

Therefore, the answer will be to

"Credit of $217480 to Paid-in Capital in Excess of Par"

4 0
2 years ago
Tript Corporation has a process costing system and uses the weighted-average method. The company had 3,000 units in work in proc
Alekssandra [29.7K]

Answer:

11,600 units

Explanation:

Equivalent units for conversion costs :

Equivalent units = 10,000 x 100 % + 4,000 x 40 % = 11,600

The equivalent units for February for conversion costs were: 11,600 units

6 0
2 years ago
Helping employees find the harmony between the demands of their personal and professional lives is called ________.
motikmotik

Helping employees find the harmony between the demands of their personal and professional lives is called<u> Work-Life Balance</u>.

Employees face a variety of obstacles in the workplace today. While certain professions permit a more flexible separation of work and personal life, many others require substantial sacrifices in the area of leisure and family.

The United States is ranked 30th among nations with the best work-life balance by Statista. This is primarily due to the fact that many Americans often put in extra time at work.

Employers are becoming more conscious of the rising demands of their workers about a healthy work-life balance as a result.

Businesses are now thinking about how to create a work-life balance and putting in place specific strategies to encourage this. Making workers more productive is a goal, but so is making them happier and more balanced.

To learn more about Work-life Balance here

brainly.com/question/6842800

#SPJ4

8 0
11 months ago
Vision Company sells optical equipment. Blitz Company manufactures special glass lenses. Vision orders 11 comma 700 lenses per​
rodikova [14]

Answer:

330 units are the economic order quantity

Explanation:

Here

Annual Demand = D = 11,700 Units

Ordering cost per purchase order = S = $44.25

Holding cost = H = $9.5

Economic order quantity = √(2SD/H)

Economic order quantity = √(2* $44.25 * 11,700 units/ $9.5 per unit per year)

Economic order quantity = 330 units

8 0
3 years ago
Read 2 more answers
Other questions:
  • Iliana’s gross pay is $2,130 per month. Her deductions total $270. She budgets for $1,000 in fixed expenses and $400 in variable
    5·2 answers
  • M Corp. has an employee benefit plan for compensated absences that gives each employee 15 paid vacation days. Vacation days can
    6·1 answer
  • Suppose that the office of management and budget provides the accompanying estimates of federal budget​ receipts, federal budget
    7·1 answer
  • What is meant by the term effective with respect to advertising?
    14·1 answer
  • Regarding the relationship between inventory management and JIT systems, which of the following (if any) are true?
    10·1 answer
  • Personal Care Products recently introduced a new acai berry shampoo. Rinn, director of new product development, has just reviewe
    13·1 answer
  • The idea of efficiency often arises when measuring a society's well-being. There are two kinds of efficiency: productive efficie
    13·1 answer
  • Z Corp. can make three individual deliveries to three different customers at a cost of $500 each or can consolidate them into on
    7·2 answers
  • The following information pertains to Julia &amp; Company: March 1 Beginning inventory = 33 units @ $5.70 March 3 Purchased 14 u
    10·1 answer
  • Drag each example to the corresponding step in the new-product development process.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!