Answer: C no self review is never an acceptable quality review method
Explanation: Self review is not acceptable standard, a designated quality reviewer should be there to review the tax return prepared or peer review should be done, this is when volunteers review each another tax return prepared.
Answer:
debit to Bad Debt Expense for $5800
Explanation:
Accounts receivable estimated as uncollectible = $8500
Allowance for Doubtful Accounts = $2700
Additional allowance for Doubtful debts required = $8500 - $2700
= $5800
The adjustment to record bad debts for the period will be
Debit Bad debt expense $5800
Credit Allowance for Doubtful Accounts $5800
The right option is debit to Bad Debt Expense for $5800
True. I don't know how to explain it but yea, it's true.
Answer:Renting outdoor rock climbing equipment and heading to the national park for $15
Explanation: It’s similar to what you want to do just cheaper , all the other options over your budget , and swimming is not what you had in mind .
Answer:
1. Option (C) is correct.
2. Option (B) is correct.
Explanation:
Given that,
On January 1, 2018
Legion Company sold = $200,000
Interest = 10% (Interest payable semiannually in June 30)
December 31, the bonds were sold = $177,000
1. Interest expense recorded by legion for the six month ended June 30, 2018 is:
= $10,620
2. Interest paid by legion for the six month ended June 30, 2018 is
:
= 10,000