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spin [16.1K]
3 years ago
11

In 2022 the Splish Brothers Inc. had net credit sales of $1020000. On January 1, 2022, the Allowance for Doubtful Accounts had a

credit balance of $23100. During 2022, $34200 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 10% of the balance in receivables (percentage-of-receivables basis). If the accounts receivable balance at December 31 was $242000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2022
Business
1 answer:
zaharov [31]3 years ago
5 0

Answer:

$35,300 (Credit)

Explanation:

Given that;

Allowance = 10% × $242,000 = $24,200

Amount written off of $34,200 would have made the balance in the allowance for doubtful debts

= $34,200 - $23,100

= $11,100 (Debit)

However, the balance in the account at the end of the year should amount to $24,200 hence the adjustment required

= $24,200 + $11,100

=$35,300 (Credit)

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Answer: Bar codes

Explanation:

A barcode is a way of representing data in a machine-readable and visual form. In the past, barcodes illustrated data by placing the parallel lines at intervals and altering the widths. Nowadays, barcodes known as one-dimensional (1D) or linear are scanned by optical scanners. Also, the two-dimensional (2D) barcodes were manufactured using dots, rectangles, hexagons and some geometric patterns, known as matrix barcodes. Barcodes are used for the tracking of products.

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3 years ago
A hiring authority is not utilizing contractors or temporary workers. What is the most likely explanation?
antoniya [11.8K]

The most likely explanation why the hiring authority is not using contractors or temporary instructors is a, The hiring authority thinks that full-time hires are more productive.

<h3>Why might hiring authorities prefer full time workers?</h3><h3 />

If a hiring authority feels that full time hires are better at their jobs and more productive, they will hire more of them.

This would lead to temporary workers and contractors being used for projects less.

Find out more on full time work at brainly.com/question/16905571

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2 years ago
Which word means a formal agreement between two or more governments?
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A bilateral is a formal agreement between two or more governments!
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3 years ago
Read 2 more answers
Concord Company purchased equipment for $25200 on December 1. It is estimated that annual depreciation on the equipment will be
Ray Of Light [21]

Answer:

Debit Depreciation Expense, $525;

Credit Accumulated Depreciation, $525.

Explanation:

Based on the information given in a situation where the financial statements are to be prepared on December 31, which means that the company should make the following adjusting entry:

Debit Depreciation Expense, $525

Credit Accumulated Depreciation, $525

Calculated as:

Debit depreciation expense $6,300/12

Debit depreciation expense=$525

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3 years ago
Seema, a creative director at a marketing agency, notices that her team members often perform better while working as a team tha
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Answer:

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