Answer:The amount of uncollectible accounts expense recognized on the Year 2 income statement is $1,800.
Explanation:The amount of uncollectible accounts expense recognized on the Year 2 income statement is $1,800 ($180,000 x 1%), which has been computed by multiplying the percentage of allowance for uncollectible account with the total on account sales.
Answer: notional
Explanation:
A notional amount also sometimes referred to as the face amount is a number of currency units, shares, bushels, pounds, or other units specified in a derivative instrument.
The effective notional amount had to do with the notional amount that has already been stated and further adjusted when the leverage factor is considered.
Answer:
Explanation:
The journal entry is presented below:
Cash A/c Dr $1,800
To Accounts receivable A/c $1,800
(Being the cash is received)
Since the cash is received so we debited the cash account and there is a decrease in account receivable so this account should be credited. Both the accounts are recorded at $1,800 each.
Burn surface water
Use bacteria
Skim the surface area
Answer:
1
Explanation:
Manufacturing Overhead sometimes also referred as Factory Overhead includes only those costs which are directly traceable to the production of a product i-e, Direct labor and Material Costs.
