Answer:
Step-by-step explanation:
Answer:
Raining Company and Tanning Company
An Uncollectible Expense of $17,500 will be credited to the Allowance for Doubtful Accounts to bring the credit balance to $20,000.
Step-by-step explanation:
Since the accounts receivable balance is $200,000, there is nothing to do with the credit sales of $1,300,000.
The Allowance for Doubtful Accounts after adjustment should have a credit balance of $20,000 ($200,000 x 10%).
With a credit balance of $2,500 before adjustment, it will be adjusted (credited) with Uncollectible Expense of $17,500. This brings the adjusted balance to $20,000 which represents 10% of the accounts receivable balance of $200,000.
Note that the Allowance for Doubtful Accounts is a contra (credit) account to the Accounts Receivable account. This allowance is a way to prudently provide for credit risk as required by Generally Accepted Accounting Principles.
here. I don't know if its right but i hope it is.
Answer:
4.9
Step-by-step explanation:
1.7+3.2=4.9
Answer:
127 1/2 feet
Step-by-step explanation:
A model lighthouse uses a scale of 1/4 inch = 5 feet.
This means that 1/4 inch on the model represents 5 feet in actual life.
The height of the model lighthouse is 6 3/8 inches i.e. 51/8 inches.
The height of the actual lighthouse is:
1/4 inch = 5 feet
51/8 inches = x
Cross-multiply:
51/8 * 5 = 1/4 * x
=> x = 51/8 * 4 * 5
x = 127 1/2 feet
The height of the actual lighthouse is 127 1/2 feet.
