Answer and Explanation:
The journal entries are shown below:
On December 31
Bad debt expense Dr $5,232 ($654,000 × 0.80%)
To Allowance for doubtful debts $5,232
(To record the bad debt expense)
On Feb 01
Allowance for doubtful debts Dr $327
To Account receivable $327
(To record the uncollectible amount)
On June 5
Account receivable $327
To Allowance for doubtful debts Dr $327
(To record the uncollectible amount)
On June 5
Cash Dr $327
To Account receivable $327
(To record the cash received)
Answer:
$930,900
Explanation:
In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
Answer:
The answer is a business entrepreneur or just an entrepreneur
Explanation:
Watching shark tank helps you understand what is an entrepreneur
I hope this helps you
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A. “provides details about an investment offering”
Inflation is d) a microeconomic issue.
<h3>
What is inflation?</h3>
Inflation can be describ3ed as the rise in the price of goods as well as well as services which is an incessant increase.
However, Microeconomics explores issues that relates to the decision on how families make them as regards to what to buy and how much to save, hence Inflation is a microeconomic issue.
Therefore, option D is correct.
Learn more on Inflation at:
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