Answer:
c. $23,160
Explanation:
Adjusted cash balance per books as at August 31
Cash balance per book $19,500
Add Notes receivable and interest collected by bank $4,800
($19,500+$4800) $24,300
Less:(Deposits in transit $900
-NSF check 1,020) ($120)
NSF check (1,020)
Cash balance per books $23,160
Answer:
It would be 8 months and they each would have 52 games.
Explanation:
Answer:
a. $25,650
b. Journal entries
Explanation:
The computation is shown below:
a. The balance of the Allowance for Doubtful Accounts is
= Total account receivable × estimated percentage
= $570,000 × 4.5%
= $25,650
b. The adjusting entry is as follows
Bad Debt Expense $13,650 ($25,650 - $12,000)
To Allowance for Doubtful Accounts $13,650
(Being the bad debt expense is recorded)
c. The adjusting entry is as follows
Bad Debt Expense $26,650 ($25,650 + $1,000)
To Allowance for Doubtful Accounts $26,650
(Being the bad debt expense is recorded)
Economic cartoons is your answer
Answer:
(A) "So, the government decides to reduce the tariffs on imported raw materials."
(B) "It also introduces special economic zones where certain goods can be traded tax-free."
Explanation:
Liberal economic policies usually revolve around deregulation of many governmental policies, since advocates tend to prefer a market that is as free as possible – meaning, it is free of governmental influences. Liberal economy is also a form of capitalism, and thus they would support (A) and (B) most, since it reduces barriers for businesses to operate at a profit.
They would not support (C) and (D) since these two concepts are instead socialist economic policies.
