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Viefleur [7K]
3 years ago
12

At the end of March, the unadjusted trial balance of Tutor, Inc. included the following accounts:

Business
1 answer:
Delicious77 [7]3 years ago
6 0

Answer:

A. $8,600

Explanation:

the journal entry to record uncollectible accounts expense is:

March 31, 202x, bad debt expense

Dr Bad debt expense 8,600

    Cr Allowance for uncollectible accounts 8,600

Allowance for uncollectible accounts is a contra asset asset that decreases the net balance of accounts receivable. While bad debt expense is a temporary account that is included under operating expenses in the income statement.

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Write at least three ways savings accounts differ from checking accounts.
daser333 [38]

Answer:

checking accounts are better for transaction such as paying pills purchases, atm withdraws while saving accounts are better for storing money and earning interest,

Explanation:

7 0
3 years ago
Responsibility for the financial statements and other information found in the annual report lies with
RSB [31]

Answer:

Management

Explanation:

The Management of the company are appointed as stewards by the owners of the company (shareholders). They have a role in reporting the entity`s operations and ensuring that they provide a good return for the shareholders investments.

5 0
3 years ago
What is an accurate definition of a value?
jenyasd209 [6]

Answer:

A possible answer: Value is how much worth something has to you.

Explanation:

Have a great rest of your day :)

4 0
3 years ago
With Kanban, project management becomes a game of facilitating and implementing better risk management.
hammer [34]

The given statement "With Kanban, project management becomes a game of facilitating and implementing better risk management" is True

Explanation:

Project managers will soon understand the critical importance of the effective development team and the position of group-building in facilitating the quality of project management. Nonetheless, the distinction between success and failure can often be attributed to the productivity of the project team.

Project Team Members are responsible for initiating interaction between R&D and consumers.

The progress of the project can be measured objectively by the effective team building. Although the team bonding process can involve frustration and energy on all sides, the rewards can be enormous.

3 0
4 years ago
Kruger corporation sells construction equipment to a customer for $50,000. The equipment comes with a standard 2-year warranty c
Darya [45]

Answer:

The missing question is "<em>Kruger offers an extended warranty that covers repairs for years 3 through 10. The price of the extended warranty is $3,000. Kruger estimates that it costs $2,500, on average, to provide the additional repairs required under the extended warranty. </em>

<em>Required: Assuming the customer chooses not to purchase the extended warranty, what journal entry(ies) should Kruger make at the time of the sale? Assuming the customer chooses to purchase the extended warranty, what journal entry(ies) should Kruger make at the time of the sale?"</em>

<em />

Solution:

Date      Account Titles               Debit        Credit

              Cash                              $50,000

                    Sales revenue                          $50,000

              Warranty expense         $1,200

                       Warranty liability                     $1,200

Date      Account Titles               Debit        Credit

            Cash                               $53,000

                 Sales revenue                            $50,000

                 Unearned revenue                     $3,000

            Warranty expense          $1,200

                   Warranty liability                        $1,200

8 0
3 years ago
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