Answer:
1725
Explanation:
First you have to find add 4,500 to 2,400 to get 6,900 then you subtract that amount from 88,000 to get 81100, then all you have to do is find the difference between 25% of 88,000 (22000) and 811000 (20275). 22,000 - 20275 is 1725
Answer:
$56,400
Explanation:
Jefferson company has a sales of $306,000
The cost of goods available for sale is $270,600
The first step is to calculate the gross profit
= 306,000 × 30/100
= 306,000 × 0.3
= 91,800
The cost of goods sold can be calculated as follows
= $306,000-91,800
= $214,200
Therefore the estimated cost of ending inventory under the gross profit method can be calculated as follows
= $270,600-214,200
= $56,400
Answer and Explanation :
The presentation is shown below:
As per the data given in the question,
Assets = Liabilities + Equity Revenue - Expenditure = Net income Cash flow
Cash + Acc. Rev.
NA $94,850 NA $94,850 $94,850 NA $94,850 NA
$93,901.5 -$94,850 NA -$948.5 NA -$948.5 -$948.5 $93,901.5
We simply present the transactions on the financial statements
Answer:
Is it B I a not sure but if is correct pls mark it brain lists
Explanation:
B You are increasing the amount of money in the system
Answer:
Explanation:
a. At the end of the period, bad debt expense is estimated to be $15,000.
b. During the period, bad debts are written off in the amount of $9,500.
Assets = Liabilities + Stockholder's Equity
a.
Retained Earning -$15,000
Account Receivable -$15,000
b.
Allowance for Doubtful Account -$9,500
Account Receivable -$9,500
(Allowance for Doubtful Account is a contra account to account receivable decrease in this account will ultimately increase the assets value.