Answer:
Debit Bad debts expense $23,000
Credit Allowance for Doubtful Accounts $23,000
Explanation:
At December 31, 2017,
Bad debts is estimated:
8% x $325,000 = $26,000
Before adjusting, Allowance for Doubtful Accounts $3,000 credit. The company use aging method to estimate bad debts expense and Allowance for Doubtful Accounts. Bad debts expense amount will be record:
$26,000 - $3,000 = $23,000
The Journal entry:
Debit Bad debts expense $23,000
Credit Allowance for Doubtful Accounts $23,000
Answer:
e. She may find it difficult to deal with the stress of rent increase.
Explanation:
Carol has decided to open a Vietnamese restaurant solely. She has adopted 'sole proprietorship' form of business.
Sole Proprietorship is a form of business owned, run & managed by a single entrepreneur (proprietor).
This form of business has following advantages & disadvantages:
- Advantages : Easy formation, dissolution ; sole, flexible, quick decision making
- Disadvantages : Limited Capital ; Entrepreneur Unlimited Liability ; Less expansion scope.
So : Carol being a sole proprietor won't face problems like - difficulty in quick & independent decision making, adaptability to market demand, focus on specific consumer groups .
She as a sole proprietor, would rather face issue like limited capital funds & hence would - find it difficult to deal with stress of rent increase.
Answer:
Your Personal savings account the instution can end because the money that you are making maybe came from the goverment its self. But it in reality it is your mortage that you get from your job really.
Explanation:
A business administration is a course of study at a university or college that prepares students for managerial roles in companies or organizations.
