Answer:. ............$
1. Bad debt Dr. 11.0000
Account receivable Or. 11.000
Narration: Bad debts writing off debtors
2. Cash/Bank. Dr 1800
Profit or loss Cr. 1800
Narration. Bad debt previously written off recovered
3. Profit or loss Dr 4000
Allowance for doubtful debts Cr
4000
Narration. Increase in provision for doubtful debts.
Answer:
ability of the program to generate losses for tax purposes but provide positive cash flow.
Explanation:
Answer:
$11,977
Explanation:
The difference between the balance of the total checks written and balance of the total checks presented for withdrawal gives the amount outstanding.
As such, amount of outstanding checks at the end of December is the net of the balance of the checks written in November and December and the balance of the checks presented in the same period.
This is
= $43300 + $59239 - $39630 - $50932
= $11,977
Answer:
New England's cash balance at the end of the year is $208,000
Explanation:
The computation of the ending cash balance is shown below:
Ending cash balance = Net cash provided by operating activities + net cash used by investing activities + cash provided by financing activities + beginning cash balance
= $351,000 - $420,000 + $250,000 + $27,000
= $208,000
We assume the investing activity have made a purchase of fixed assets that's why we deduct it plus it show that the amount is used and the sale amount of land is already included in the investing activity so we do not consider it
