The public debt for the economy is

1 answer:

4 0

The public debt is the amount of money that a government owes to outside debtors. Public debt allows governments to raise funds to grow their economy or pay for services. Politicians prefer to raise public debt rather than raise taxes. When public debt reaches 77% of GDP or higher, the debt begins to slow growth.

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On December 31, prior to adjustment, Allowance for Uncollectible Accounts has a credit balance of $400. An age analysis of the a

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Answer:

Bad debts expense Debit $ 600

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Explanation:

The allowance for uncollectible accounts is estimated usually on the basis of a percentage of credit sales. The data in the question indicates that the estimated losses from uncollectible accounts is $ 1,000.

The unadjusted balance is $ 400, so the adjusting entry is for the balancing amount, i.e. $ 600. It is debited to bad debts and credited to allowance for uncollectible accounts.

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I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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A researcher designed an experiment to determine if consumption of caffeine results in increased levels of motor activity. in th

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<h3>When you increase price,you increase revenue on units sold.When you increase price,you sell fewer units.</h3>

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<h2>--SirGerick--</h2>

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