3 + 0.45*M<=8,40. Notice the equal, because you may use all the money. Then, rearranging: M<=(8.40-3)/0.45= 12, so M<=12. Now, obviously time is positive, so you may end saying 0<=M<=12, with M=0 meaning no call! :)
Answer:
The answer is: The write off will reduce the Accounts Receivables account in the balance sheet by $1,300.
Step-by-step explanation:
When you use the aging method for determining uncollectible accounts, this will affect the balance sheet.
The January 16 records should be:
- Dr Allowance for Doubtful Accounts 1,300
- Cr Accounts Receivables 1,300
The write off will reduce the Accounts Receivables account in the balance sheet by $1,300. The Allowance for Doubtful Accounts account is a contra asset account that reduces the value of assets in the balance sheet.
Answer:
It doesn't
Step-by-step explanation: