Answer:
The correct answer is C
Explanation:
The amount of cash paid on July 8 is computed as:
Amount of goods worth = Purchased amount - Returned goods worth  Amount of goods worth = $1,800 - $200
Amount of goods worth  = $1,600
As the amount is paid within the terms of 10 days, so the amount is eligible for the discount of 2%, it is as:
Amount to be paid in cash = Amounts of goods worth - ( Amounts of goods worth × Discount)
where
Amounts of goods worth is $1,600
Discount is of 2%
Putting the values above:
Amount to be paid in cash = $1,600 - ($1,600 × 2%)
Amount to be paid in cash = $1,600 - 32
Amount to be paid in cash = $1,568
 
        
             
        
        
        
Answer:
- 1-a. Complete the Accounts Receivable and Allowance for Doubtful Accounts T-accounts to determine the balance sheet values. Disregard income tax considerations.
Accounts Rec T-Account  
$ 306.673	Debit
$ 290.750	Credit
$ 7.059    Credit
$ 8.864    Debit Balance
Allowance for Doubtful Accounts T-Account  
$ 7.059	Debit
$ 4.775	Credit
$ 2.284	Debit Balance
- 1-b. Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the income statement for the current year.
$ 4.775   Dr Bad Debt Expense	
- 1-c. Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the balance sheet for the current year.
$ 2.284    Dr (Debit) Allowance for Uncollectible Accounts	
$ 8.864    Dr (Debit) Accounts Receivable                        	
Explanation:
Dr Accounts Receivable  $ 306.673
  
Cash	$ 290.750
Cr Accounts Receivable  $ 290.750
  
Dr Allowance for Uncollectible Accounts	$ 7.059
Cr Accounts Receivable  $ 7.059
  
- Bad debt expense adjustment  
Dr Bad Debt Expense	$ 4.775
Cr Allowance for Uncollectible Accounts	$ 4.775
  
- 1-b. Complete the amounts related to Accounts Receivable and  
Bad Debt Expense that would be reported on the INCOME STATEMENT for the current year  
Dr Bad Debt Expense	$ 4.775
  
- 1-c. Complete the amounts related to Accounts Receivable and  
Bad Debt Expense that would be reported on the BALANCE SHEET for the current year.  
Dr Allowance for Uncollectible Accounts	$ 2.284
Dr Accounts Receivable  $ 8.864
 
        
             
        
        
        
Which certificate is the lowest level certification that a personal finance manager requires to sell mutual funds, trusts, and variable annuities?
The answer is option B - series 6 certificate.
The series 6 certificate helps an individual to purchase or sell mutual funds, variable life insurance, municipal fund securities, variable annuities and unit investment trusts.
 
        
                    
             
        
        
        
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