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xxTIMURxx [149]
2 years ago
12

At the end of the current year, using the aging of receivable method, management estimated that $31,500 of the accounts receivab

le balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $900. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?
Business
1 answer:
Marina86 [1]2 years ago
7 0

Answer:

Dr Bad debt expenses $ 32,400

Cr Allowance for doubtful accounts $ 32,400

Explanation:

Preparation of the adjusting entry that the company should make at the end of the current year to record its estimated bad debts expense

Dr Bad debt expenses $ 32,400

Cr Allowance for doubtful accounts $ 32,400

($31,500+$900)

( To record its estimated bad debts expense)

Estimated Bad debts expense =Account receivables + Debit balance

Estimated Bad debts expense= $31,500 + 900

Estimated Bad debts expense=$32,400

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Joint stock companies were organizations meant to establish colonies in the americas by people from
Alex17521 [72]

Answer:

Britain

Explanation:

Once they landed in America, the British set up a joint stock company, which was the start of what we now recognize as a corporation These stocks were marketed to investors with the thought of getting some cash, which created minimal-risk capital.Citizens embraced the idea as there was minimal risk and significant benefit. It really is accurate, therefore, that joint stock companies were organisations planned by the British to create colonies in America.

7 0
3 years ago
Read 2 more answers
After graduation, you decide to go into a partnership in an office supply store that has existed for a number of years. Walking
MakcuM [25]

Answer:

257 boxes

Explanation:

The computation is given below;

Daily Demand would be

= 5000 ÷ 365

Standard Deviation = 10 boxes

Lead Time = 2 Weeks + 3 Days = 17 Days

Service Level = 0.98

Reorder Point = avg(d) × LT + z ×  σd × sqrt(LT)

= 5000 ÷ 365 × 17 + 2.05 × 10 × 170.5

= 317

So, the number of boxes should be ordered is  

= 317 - 60

= 257 boxes

6 0
3 years ago
Max worked 48 hours last week. What is his gross pay for the week if his regular hourly pay is 13.50
Illusion [34]
The correct answer is $648
6 0
3 years ago
As explained in your textbook, the three main parts of a speech are called the
lesantik [10]

Answer:

The correct answer is B. The three main parts of a speech are the introduction, the body, and the conclusion.

Explanation:

The speech is a succession of words, expressed orally, that serve to express what we want or want to say.

Its main function has been from its origins to communicate or expose, but with the main objective of persuading its audience.

The speech is composed of three parts: introduction, body and conclusion:

-The introduction is one of the most important parts of the discourse since in this it is exposed the subject that will be treated.

Its function is to mark that the speech begins, attract the attention of the receiver, dissipate animosities, gain sympathy, set the interest of the recipient and establish the theme, thesis or objective.

-The body is the longest part since the whole theme is exposed in it: doubts and everything necessary to expose a considered justification of the idea are taken out.

-The conclusion is a strategic point, since it makes a small reflection about all of the above. The end must constitute the compendium of what has been said.

7 0
3 years ago
As the price of jeans rises, Levi Strauss is likely to A. decrease production and thus decrease the supply. B. increase producti
LUCKY_DIMON [66]

Answer:

B. Increase production and thus increase the supply.

Explanation:

As the price of Jeans rises, the Levi Strauss is likely to increase production keeping other factors constant as per the law of supply, where quantity is directly proportional to the price of goods and services. As the price of goods increase, the quantity supply of product also increased by supplier or manufacturer to maximize the profit out of the current market condition.

8 0
3 years ago
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