Answer:
$ 21,000
Explanation:
To determine the answer we need to preoare a movemnet of the account for uncollectible account.
Opening balance - Allowance for uncollectible accounts $ 180,000
Add: Bad debt expense for the year <u>$ 21,000</u>
Available balance of Allowance for uncollectible accounts $ 201,000
Less: Closing balance - Allowance for uncollectible accounts <u>$ 190,000</u>
Actual bad debts written off $ 21,000
The bad debts expense for the year is credited to the Allowance for uncollectible accounts and any actual bad debts are debited to this account.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
I mean it’s always the thought that matters , anything helps
Answer:
establishment of responsibility
Explanation:
One of the principles of control activities is establishment of responsibility. This establishment of responsibilty means that an employee is meant to have a level of responsibilty for his work as well as decisions taken.
From the question, it can be seen that the use of one register by three worker working diffeent shifts ensure a lack of responsibilty on the part of the workers. This is because if each of the workers had seperate registers for entering customer check out, there would be more responsibilty from the workers in discharging their duties as any mistakes will be owned by each worker.
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