Answer:
Balance in the Allowance Account : $1600
Please see details below:
Explanation:
When the company determined the bad debt balance, the company made the next entry to the accounting system.
Debit - Bad Debts Expense $1000
Credit - Allowance for Doubtful Accounts $1000
When the company write-off some debts it makes the next entry.
Debit - Allowance for Doubtful Debts $2.100
Credit - Accounts Receivable $2.100
When the company recorded bad debt expenses:
Debit - Bad Debts Expense $2700
Credit - Allowance for Doubtful Accounts $2700
Answer:
Dr cash $407,000
Cr bonds payable $407,000
July 1
Dr interest expense $ 18,315.00
Cr cash $ 18,315.00
December 31
Dr interest expense $ 18,315.00
Cr interest payable $ 18,315.00
Explanation:
The bond was issued at face value of $407,000 which means that cash of $407,000 was received which is to be debited to cash account and bonds payable account credited for the same amount.
On July1 ,interest coupon of $ 18,315.00 ($407,000*8%*6/12) was paid which means that interest expense is debited with $ 18,315.00 while cash is credited.
On 31 December ,interest coupon of $ 18,315.00 ($407,000*8%*6/12) was due which means that interest expense is debited with $ 18,315.00 while interest payable is credited.
Answer:
The correct answer is True.
Explanation:
At the end of a common agreement, there is no consequence for any of the parties, since it is their will to end the contract that they previously agreed to sign
Termination of the lease by the lessor.
The lessor may unilaterally terminate the lease under the conditions established by law, paying any compensation that may arise.
The law expressly establishes when and why the lease can be terminated by the lessor, and only in those cases can the contract be terminated without there being room for the payment of a penal clause or non-compliance, if any, since in those cases the law in particular established how and why to terminate the contract, and set the penalties to which there is room.
Stakeholder buy-in is when a project manager involves stakeholders in decision-making to reach a broader consensus.
<h3 /><h3>What is Stakeholder buy-in?</h3>
Stakeholder are important people in the business or company.
They usually have a share in a business or organization. Some of them are committed to a company with their substance and are usually involved when making important decision.
Therefore, Stakeholder buy-in is when a project manager involves stakeholders in decision-making to reach a broader consensus.
Learn more on Stakeholder below
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I can fill a room. Give me oxygen and i live, give me water and I die. What am I?
EASY ANSWER: FIRE