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3 years ago

The trial balance before adjustment of Taylor Swift Inc. shows the following balances.

Business

1 answer:

ale4655 [162]3 years ago

3 0

Answer:

A. Dr Bad Debt Expense$5,350

Cr Allowance for Doubtful account$5,350

B. Dr Bad Debt Expense $2,800

Cr Allowance for Doubtful account$2,800

Explanation:

Preparation of the journal entry for the estimated bad debts

A. Based on the information given the Journal entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts will be:

Dr Bad Debt Expense$5,350

Cr Allowance for Doubtful account$5,350

[(4%*90,000)-1,750]

B. Based on the information given the Journal entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts will be:

Dr Bad Debt Expense $2,800

Cr Allowance for Doubtful account$2,800

[(5%*90,000)-1,700]

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2 years ago

Blake and Matthew are partners who agree that Blake will receive a $103,000 salary allowance and that any remaining income or lo

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Answer:

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Explanation:

given data

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solution

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3 years ago

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3 years ago

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The overdraft fee is the fee that John was charged on his checking account.

<h3>What is an overdraft fee?</h3>

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Read more on the overdraft fee here: brainly.com/question/25532516

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2 years ago