Answer: <u><em>The adjusting entry at the end of the year will include a credit to Allowance for Doubtful Accounts in the amount of: $750</em></u>
Given:
Accounts receivable = $640
Allowance for Doubtful Accounts = $110
<em><u></u></em>
<em><u>Therefore, the correct option is (c).</u></em>
Answer:
weighted average
Explanation:
An advantage of the weighted average costing method is that the cost of goods sold approximates its current cost. This is mainly due to the fact that the cost of each unit is made equal to the same cost of all units that are currently available for sale during that extended period of business. Therefore approximating its total current cost.
Answer:
Since there is not enough room here, I prepared the general ledger, the accounts receivable ledger and the schedule of accounts receivable in an excel spreadsheet (attached).
Explanation:
<h2>A $4.00 for car wash is good</h2>
Explanation:
Option A: A fancy hair cut option is given but it is not associated with any of the price. So we cannot say it is good or worth for the money.
Option B: It seems to be valid. But when we consider all the given options, there are better options than this.
Option C: Rusted means a brown layer formed on the body of the car. So we cannot say it is good. So this option too is invalid.
Option D: Normally car wash costs $10. It is worth to do a complete car wash with $4.00. This option is the best choice.
