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anzhelika [568]
3 years ago
9

Lina Co. uses the allowance method to account for bad debts. On January 28, Lina determines that a $200 balance from ZRT, Inc. i

s uncollectible and writes the balance off. The journal entry to write this balance off will include a: (Check all that apply.)
a) debit to Bad Debts Expense.
b) credit to Allowance for Doubtful Accounts.
c) credit to Accounts Receivable - ZRT.
d) debit to Accounts Receivable - ZRT.
e) credit to Bad Debts Expense.
f) debit to Allowance for Doubtful Accounts.
Business
1 answer:
elena55 [62]3 years ago
4 0

Answer:

c) credit to Accounts Receivable - ZRT.

f) debit to Allowance for Doubtful Accounts.

Explanation:

As for the information provided,

We know in allowance method, provision is created as and when there are doubtful debts, for which entry is

Bad Debts Expense Account Dr.

To Allowance for doubtful debts.

And when the bad debts are actually written off then,

The entry will reduce the balance of accounts receivables and that of allowance as well.

Entry will be:

Allowance for Doubtful debts A/c Dr.

To Accounts Receivables.

Thus, correct options shall be:

Option c) and f)

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The average time (in minutes) Americans spend commuting to work is: 26.9 minutes.

<h3>How to calculate the average time Americans spend commuting to work?</h3>

To calculate the average time we must add all the values and then divide the result by the number of values. for example:

1 + 2 + 3 = 6 6 ÷ 3 = 2

Based on the above, the operation to find the average time Americans spend commuting to work is:

23,3 + 28,3 + 24,6 + 32,1 + 31,7 + 25,8 + 38,1 + 24,9 + 26,8 + 23,4 + 28,5 + 28,1 + 29,3 + 24,4 + 23,0 + 24,8 + 26,2 + 23,4 + 28,4 + 20,1 + 32,2 + 21,4 + 23,8 + 30,7 + 24,8 + 23,6 + 25,3 + 31,7 + 43,8 + 22,0 + 27,1 + 34,2 + 28,3 + 25,0 + 26,4 + 23,6 + 23,4 + 25,8 + 20,2 + 26,1 + 24,8 + 32,6 + 28,5 + 27,3 + 26,8 + 24,0 + 20,1 + 32,8 = 1291,5

Then we must divide this result by the number of values.

1291,5 ÷ 48 = 26,9

Note: This question is incomplete because there is some information missing. Here is the information:

a. What is the mean commute time for these 48 cities? Round your answer to one decimal place.

Learn more about average in: brainly.com/question/2426692

8 0
2 years ago
Suppose the government launches a successful advertising campaign that convinces workers with high school degrees to quit their
quester [9]

Suppose the government launches a successful advertising campaign that convinces workers with high school degrees to quit their jobs and become full time college students. This would cause the labor force participation rate to decrease.

Let's imagine that the government employs a convincing advertising campaign to persuade those with high school diplomas to quit their jobs and devote their full time to attending college. As a result, the rate of labor force participation would decrease.

The labor force participation rate provides an estimate of the size of the labor force in an economy. The percentage of the working-age, non-institutionalized population, aged 16 and over, that is employed or actively seeking employment is used in the calculation. When paired with the unemployment rates, it can help put the state of the economy in some sort of context.

To know more about labor force refer:

brainly.com/question/14826712

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4 0
1 year ago
Question 16 of 25 (1 point) Jump to Question: Which of the following actions is NOT an example of an engineering control?
Nikolay [14]
The answer is letter c
4 0
3 years ago
The shareholders' equity of Green Corporation includes $232,000 of $1 par common stock and $430,000 par of 7% cumulative preferr
dalvyx [7]

Answer:

$8,700

Explanation:

Dividends payable to preferred shareholders = [($430,000*7%)*2 - ($23,000*2)] + ($430,000*7%)

Dividends payable to preferred shareholders = [$60,200 - $46,000] + $30,100

Dividends payable to preferred shareholders = $14,200 + $30,100

Dividends payable to preferred shareholders = $44,300

Dividend available to common shareholders = Total dividend - Dividends payable to preferred shareholders

Dividend available to common shareholders = $53,000 - $44,300

Dividend available to common shareholders = $8,700

So, the amount of dividends common shareholders will receive in 2021 is $8,700.

6 0
2 years ago
. The current spot exchange rate is $1.50/€ and the three-month forward rate is $1.55/€. Based on your analysis of the exchange
Andre45 [30]

Answer:

B) Buy €1,000,000 forward for $1.55/€.

Explanation:

To calculate the expected profit consider the following data and formula:

Amount in actions: 1.000.000

Spot exchange rate: 1.62

Three month forward calculation: 1.55

Expected profit=1,000, 000 *( 1.62 - 1.55) = 70,000.00.

6 0
3 years ago
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