Answer and Explanation:
The Journal entry is shown below:-
a. Bad Debt Expense Dr, $36,800 ($40,000 – $3,200)
To Allowance for Doubtful Accounts $36,800
(Being the bad debt expense is recorded)
For recording this we debited the bad debt expense as it increased the expenses and at the same time it reduced the assets so the allowance for doubtful accounts is credited
b. Bad Debt Expense Dr, $40,730 ($40,000 + $730)
To Allowance for Doubtful Accounts $40,730
For recording this we debited the bad debt expense as it increased the expenses and at the same time it reduced the assets so the allowance for doubtful accounts is credited
As far as I remember, at the end of the systems implementation phase, the final report to management should include these elements:
1. <span>a comparison of actual costs and schedules to the original estimates;
2. </span>final versions of all system documentation;
3. <span>planned modifications and enhancements to the system that have been identified;
It's necessary thing in system analysis.</span>
Answer:
B
Explanation:
Use for business communications only and the disallowing of the transmission of confidential business information are recommended guidelines for Instant messaging
Answer:
In the classroom and in the grocery store and house.
Explanation:
Hope this helps!
At the break-even point, the total sales and the total cost is said to be equal. Therefore, there is no profit or loss. We set up the equation as follows:
Profit/Loss = (Unit Contribution Margin) (Units) - (Fixed Costs) = 0
Unit contribution margin is (0.20)(1.50) = 0.30
Substituting the known values gives;
0 = (0.30)(400,000) - FC
FC = (0.30)(400,000)
FC = $120,000
<span>Therefore, the total fixed costs would </span>$120,000.<span>
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