Answer:
The transaction will be recorded by the company as :
DR : Non-collectibles $5670
CR : Accounts receivable $5670
Step-by-step explanation:
Amount of money estimated = $5670
The amount which is non-collectible is recorded as a DEBIT transaction by the company because the amount in the non-collectible account can't be received by the company.
But, the amount in the receivables is the amount which is available for receiving and can be received by the company. So, receivable transaction is marked as CREDIT by the company.
Thus, the transaction will be recorded by the company as :
DR : Non-collectibles $5670
CR : Accounts receivable $5670
Answer:
Step-by-step explanation:
C. a cleaner is hired to clean a house before it is bought.
Let's start with the information we know.
Aiden gets $85 a month
Over 7 months, he has saved (85*7 = 595) $595
He will need to have $1955 for the laptop
1955 -
Now figure out how many months he will have to spend to get 1955 - the 595 he already has (1360 is what that comes out to.) 1360 (The total he will need) / 85 (The number you get a month)
That equals 16.
It will take Aiden at his current rate of income, 16 months to save for his new computer.
<u>--Something to remember--
</u><u />
<u></u>If the number you come out with is a decimal, I.E. 16.2, you will need to round up to the nearest whole number unless the equation specify's. In this case, instead of 16.2 it would be 17 months
