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ololo11 [35]
3 years ago
11

At December 31, 2018, Oriole Company reported the following information on its balance sheet.

Business
1 answer:
drek231 [11]3 years ago
7 0

Answer:

Bad debt expense (Dr.) $68,930

Allowance for Doubtful Debt (Cr.) $68,930

Explanation:

Accounts Receivable :

Balance $948,000

Add: Sales $3,609,930

Less: Sales returns $51,000

Less: Collections $2,756,000

Less: Write offs $97,000

Add: Recovery of old Bad debts $28,000

Adjusted Balance $1,653,930

Bad Debts :

Balance $78,000

Less: Allowance for doubtful debts $97,000

Less: Recovery $28,000

Adjusted Balance $9,000

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Answer:

a) True

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Production = 202,000 Units

Hence, the answer is a. True

4 0
2 years ago
When organizing your report, what should you remember? check all that apply. identify the topic of the report in the closing. fo
navik [9.2K]
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3 years ago
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RoseWind [281]

Answer:

"1"

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7 0
3 years ago
Identify whether the statements below are true or false by dragging and dropping the appropriate term into the bin provided.
Tema [17]

<u>Solution and Explanation:</u>

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7 0
3 years ago
ABC Company sells its 4G SD memory card for $ 15 per unit. The unit production cost is $ 3 and unit labor cost is $ 5. The packa
Tomtit [17]

Answer:

$93,750

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7 0
3 years ago
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