Answer:
Balance sheet, what amount should Farley report as allowance for uncollectible accounts?
if we take the final balance of accounts receivable $582000
If the wrotte off difference affects the final balance and we do not register additional expenses. $469000
Explanation:
Credit balance allownace 523000
Allowance for uncollective 3%
Wrotte off 636000
Credit sales 19400000
Allowance for uncollective 3%
582000
Credit balance 523000
Wrotte off 636000
-113000
Allownace for uncollectible 469000
Answer:
The future value is $6,894.21
Explanation:
Giving the following information:
Dominic Joseph deposits $5,000 in a new savings account. The account pays 5.5 percent interest compounded annually.
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
PV= 5,000
i= 0.055
n=6
FV= 5,000*(1.055)^6= $6,894.21
Answer:. ............$
1. Bad debt Dr. 11.0000
Account receivable Or. 11.000
Narration: Bad debts writing off debtors
2. Cash/Bank. Dr 1800
Profit or loss Cr. 1800
Narration. Bad debt previously written off recovered
3. Profit or loss Dr 4000
Allowance for doubtful debts Cr
4000
Narration. Increase in provision for doubtful debts.
Answer:
A SWOT analysis is an evaluation of your company's strengths, weaknesses, opportunities, and threats.
Explanation:
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