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victus00 [196]
3 years ago
13

Using the direct write-off method for handling bad debts, what would the journal entry be to write off a $650 account receivable

that was deemed to be uncollectible?
Business
1 answer:
Reika [66]3 years ago
7 0

Answer:

Using the Direct Write-off method means that bad debts are removed from the Accounts Receivable as they occur instead of using an Allowance account.

Bad debts will be debited as this is an expense. Accounts Receivable will be credited to reflect that the account is reducing in value.

The relevant journal entry will therefore be;

DR Bed Debts                                                     $650

     CR Accounts Receivable                                         $650

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how to calculate the hourly wage based on the monthly income and state the hourly wage. assume that each full time worker works
Maksim231197 [3]

Answer:

$23.85 per hours

Explanation:

The labor wage per hour can be calculate by simply dividing minimum monthly income by the least number of total hours that a labor must work. The resultant amount will be hourly wage of an employee.

Mathematically,

Hourly Wage = Minimum Monthly Income  /  Total Hours Worked

Here

Minimum Monthly Income is $4,089

Total Hours Worked = 40 Hrs per week * 30 days / 7 days

Total Hours Worked = 171.43 Hours

By putting the values, we have:

Hourly Wage = $4,089 / 171.43 Hrs   = $23.85 per hours

5 0
4 years ago
The nurse is assessing a patient's functional ability. which activities most closely match the definition of functional ability?
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When The nurse is assessing a patient's functional ability, the activities that <span> most closely match the definition of functional ability are: 
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5 0
3 years ago
What are your rights under the consumer credit law?
STALIN [3.7K]

Answer:

Under the Equal Credit Opportunity Act: You cannot be denied credit based on your race, sex, marital status, religion, age, national origin, or receipt of public assistance. You have the right to have reliable public assistance considered in the same manner as other income.

Explanation:

3 0
3 years ago
Sam's (single taxpayer) year 2 taxable income was $175,000 with a corresponding tax liability of $30,000. For year 3, Sam expect
Dahasolnce [82]

Answer:

$33,000

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A young chef is considering opening his own sushi bar. To do so, he would have to quit his current job, which pays $20,000 a yea
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Answer: The correct answer is "a. $26,000".

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