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butalik [34]
2 years ago
11

Please help!!!!!!

Business
1 answer:
My name is Ann [436]2 years ago
7 0
A the answer is a give me a thanks have a good day
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On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $76,000
trapecia [35]

Answer:

The effect the entry to recognize the uncollectible accounts expense for Year 2 will have on the elements of the financial statements are that it will reduce Accounts Receivable to $15,560 and the Allowance for Doubtful Accounts to $1,900 at the end of Year 2.

Explanation:

Credit sales estimated to be uncollectable = Credit sales * Estimated percentage uncollectable = $215,000 * 1% = $2,150

Ending account receivable = Beginning accounts receivable + Credit sales - Cash collected - Receivales written off as uncollectable - Credit sales estimated to be uncollectable = $76,000 + $215,000 - $271,100 - $2,100 - $2,150 = $15,560

Ending Allowance for Doubtful Accounts = Beginning Allowance for Doubtful Accounts - Allowance for Doubtful Accounts - Receivales written off as uncollectable = $4,000 - $2,100 = $1,900

Therefore, the effect the entry to recognize the uncollectible accounts expense for Year 2 will have on the elements of the financial statements are that it will reduce Accounts Receivable to $15,560 and the Allowance for Doubtful Accounts to $1,900 at the end of Year 2.

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2 years ago
According to surveys, the second largest expense of a typical American<br> consumer is
lesantik [10]

Answer:

Social Security

Explanation:

3 0
3 years ago
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Explain the opportunity cost of working on a farm. ​
Liula [17]

Answer:

Opportunity cost is a useful concept when considering alternative places for using your resources and assets. ... If he/she farms the land, the opportunity cost is the income foregone by not renting it to a neighbor.

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2 years ago
Inflows or other enhancements of assets or settlements of an entity's liabilities from delivering or producing goods, rendering
VladimirAG [237]

Answer:

REVENUES

Explanation:

Revenue, often referred to as sales, is the income received from normal business operations and includes discounts and deductions for returned merchandise. It is the top line or gross income on a company's income statement from which all charges, costs, and expenses are subtracted to arrive at net income.

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2 years ago
As a minority group member, when Naomi interacts with members of the dominant ethnic group in her culture, she is asked insensit
astraxan [27]

Answer:

(C) indifference

Explanation:

Ethno-centrism is the act of judging or prejudice shown to others because of their ethnic background.

Since Naomi was asked insensitive questions and was spoken to very slowly shows a case of low ethno-centrism.

This degree of ethno-centrism occurs when someone displays insensitivity and little hostility in their verbal and nonverbal dealings with minority groups.

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3 years ago
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