Life insurance is most likely classified into categories
such as term, whole and variable. It is classified into categories because of
their contracts where they issue policies that will benefit an individual, a
set of people or even a whole with their given categories.
A.) VCR
VCRs are considered a e-waste.
Answer:
The entry to record bad debt expense:
Debit Bad debts expense $24,446
Credit Allowance for Doubtful Accounts $24,446
Explanation:
1. At December 31, 2020,
Bad debt are estimated: 11% x $204,600 = $22,506
Before adjusting, Allowance for Doubtful Accounts had a debit balance of $1,940. So Bad debt expense will be: $1,940 + $22,506 = $24,446
The adjustment to record Bad debt expense and Allowance for Doubtful Accounts:
Debit Bad debts expense $24,446
Credit Allowance for Doubtful Accounts $24,446
we can easily see with a reference line that all product sub-categories in the South region are below this number.
<h3>What is
South region?</h3>
The South is a geographical and cultural region of the United States of America. It is located between the Atlantic Ocean and the Western United States, with the Midwestern and Northeastern United States to the north and the Gulf of Mexico and Mexico to the south.
If you were from the South, you might have said Jefferson Davis. On November 6, 1861, Jefferson Davis was elected president of the Confederate States of America, not the United States of America.
The military occupation of the South, which began in 1861, had far-reaching implications, some of which were short-lived while others were long-lasting. The agony and destruction were immense, but the suffering subsided with the end of the war, and the destruction was quickly rebuilt.
To know more about South region follow the link:
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