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ira [324]
3 years ago
9

4. Which of the following do not have to be repaid by the business?

Business
1 answer:
Katyanochek1 [597]3 years ago
5 0

Answer:

D

Explanation:

no interest loan to buy same thing

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All sales are made on credit. Based on past experience, the company estimates 2.5% of ending account receivable to be uncollecti
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Answer:

Debit Bad Debts Expense $12,475

Credit Allowance for Doubtful Accounts $12,475

Explanation:

Calculation for estimated bad debts expense:

Explanation

Accounts receivable * Sales uncollectible

$445,000×0.025

=11,125

Hence:

11,125 +Allowance for Doubtful Accounts 1,350

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Therefore the estimated bad debt will be:

Debit Bad Debts Expense $12,475

Credit Allowance for Doubtful Accounts $12,475

4 0
3 years ago
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3 years ago
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6 0
1 year ago
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Developing an awareness of your perceptions is an important part of ______________.
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3 0
3 years ago
Kostelnik Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours
Rainbow [258]

Answer:

The correct answer is C: $944

Explanation:

Giving the following information:

Single plantwide predetermined overhead rate based on machine-hours. Total fixed manufacturing overhead cost of $237,000, variable manufacturing overhead of $3.90 per machine-hour, and 30,000 machine-hours.

First, we need to determine the manufacturing overhead rate:

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6 0
3 years ago
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