Answer:
a. total estimated uncollectible accounts is $21,190
b. to entry the adjustment, we have to debit bad debt expense and credit allowance for doubtful accounts in the amount of $14,690
Explanation:
a. to compute the estimated uncollectible accounts, we have to multiply the specific % to the accounts receivable plus the beginning balance;
•Accounts not due
$36,000 x 4% = $1,440
•Accounts 1 - 60 days past due
$21,000 x 25% = $5,250
•Accounts more than 60 days past due
$16,000 x 50% = $8,000
So the total uncollectible accounts would be; $6,500 + $1,440 + $5,250 + $8,000 = $21,190
b. to record the year-end adjustment of the uncollectible accounts, we have to debit bad debt expense and credit allowance for doubtful accounts in the amount of $14,690. This figure is the uncollectible amount we computed earlier based on the aging.
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I think the answer to this question is: Strategic leadership
Strategic leadership is the ability to influence other to do something that will be beneficial for our group
This kind of skill is really important to ensure company's long term success and operational stability between each of the group members
Answer:
a.Realised Loss of Yanci's Personal Residence is $20,000 . Recognised Loss is Zero
b. Recognised Gain= $25.000
c. the realised gain will be $460.000
Explanation:
A. Realised Gain= Condemnation Proceeds-Adjsuted basis
= $460000-$480000
($20000)
Realised Loss of Yanci's Personal Residence is $20,000 . Recognised Loss is Zero
B. Realised Gain in case Condemnation proceeds are $505.000
Realised Gain= $505.000-$480.000
=$25,000
Recognised Gain= $25.000
C. If the House is rental property then the realised gain will be $460.000
Answer: ( give brainliest)
both service
Explanation:
