0 answer

In adjusting the accounts on Dec 31, the company estimated that 1.5% of A

Question:

d. In adjusting the accounts on Dec 31, the company estimated that 1.5% of A.R. will be uncollectible? (prepare journal entry)
Why is the answer - $28,169
(Dr. bad debts expense)
Given:
a. Sold $1,345,400 of merch. (cost $975,000) on credit, n/30
b. Wrote off $18,300 of uncollectible A.R.(Accounts Receivable)
C. Received $669,200 cash payment for A.R.

Answers

Similar Solved Questions

1 answer
How can i reword or state this nursing diagnosis without have too many words repeated? “potential...
how can i reword or state this nursing diagnosis without have too many words repeated? “potential preterm labor related to previous preterm labor as evidence by previous preterm at 21 weeks (demise)”...
1 answer
(1 point) The hemoglobin count (HC) in grams per 100 milliliters of whole blood is approximately...
(1 point) The hemoglobin count (HC) in grams per 100 milliliters of whole blood is approximately normally distributed with population mean 14 for healthy adult women. Suppose a female patient has had 14 laboratory blood tests during the past year. Her average HC is 11.86 with S = 1.38. Is there evid...
1 answer
Examine WireShark, a well-used network-packet analyzer. For this discussion: Define a packet analyzer and describe its...
Examine WireShark, a well-used network-packet analyzer. For this discussion: Define a packet analyzer and describe its use List commonly used packet analyzers (beyond WireShark) List best practices for analyzing packets Describe uses (good and bad, ie. hacker) of a packetanalyzer Discuss ways you wo...
1 answer
What does DNA profiling do?
What does DNA profiling do?...
1 answer
The following unadjusted trial balance is for Ace Construction Co. as of the end of its...
The following unadjusted trial balance is for Ace Construction Co. as of the end of its 2019 fiscal year. The June 30, 2018, credit balance of the owner’s capital account was $56,500, and the owner invested $23,000 cash in the company during the 2019 fiscal year. ACE CONSTRUCTION CO. Unadjuste...
1 answer
Kinematics class 3. (25 POINTS) Planetary gear train analysis: The figure below representsa planetary gear train...
Kinematics class 3. (25 POINTS) Planetary gear train analysis: The figure below representsa planetary gear train used in a drill head. Gear 1 rotates with the input shaft. The ring gear 3 meshes both with gear 5 and gear 6, which are the planets. Gear 2 acts as the carrier for gear 5, the output...
1 answer
Aa Aa 3. Nonrenewable resources Consider the fictional nonrenewable resource elastoleum. Once prevalent throughout the world,...
Aa Aa 3. Nonrenewable resources Consider the fictional nonrenewable resource elastoleum. Once prevalent throughout the world, the world sup elastoleum had been reduced to a mere 3,600 barrels by 2011. The follwing graph shows supply curves of extracted elastoleum from 2011 to 2013, along with the ye...
1 answer
Write a Java program to work with a generic list ADT using a fixed size array,...
Write a Java program to work with a generic list ADT using a fixed size array, not ArrayList. Create the interface ListInterface with the following methods a) add(newEntry): Adds a new entry to the end of the list. b) add(newPosition, newEntry): Adds a new entry to the list at a given position. c) r...
1 answer
Question 3 Mozena Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process...
Question 3 Mozena Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3,400 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $410 and $230, respectively. Produ...
1 answer
PLEASE PUT SOLUTION IN THE SAME FORMAT AS THE IMAGE. THANK YOU! Exercise 14-8 (Algo) Investor,...
PLEASE PUT SOLUTION IN THE SAME FORMAT AS THE IMAGE. THANK YOU! Exercise 14-8 (Algo) Investor, straight-line method [LO14-2] Universal Foods issued 10% bonds, dated January 1, with a face amount of $186 million on January 1, 2021 to Wang Communications. The bonds mature on December 31, 2035 (15 yea...
2 answers
Fires from combustible metals produce what type of fire?
Fires from combustible metals produce what type of fire?...
1 answer
Please help, I can not find the Interest receivable in the last pic. Required information [The...
Please help, I can not find the Interest receivable in the last pic. Required information [The following information applies to the questions displayed below.] Husemann Co.'s assets include notes receivable from customers. During fiscal 2019, the amount of notes receivable averaged $46,000, and ...
1 answer
Enter the formulas of the two major species (cations, anions, or molecules other than the solvent)...
Enter the formulas of the two major species (cations, anions, or molecules other than the solvent) present in the highest concentration in an aqueous solution of each of the following substances: 1.1) Vial A: Potassium hexacyanoferrate (II): K4[Fe(CN)6] 1.2) Vial C: Potassium thiocyanite: KSCN 1.3) ...
1 answer
Find 1) bar's initial diameter if the material needs to get at least 60,000 psi of...
Find 1) bar's initial diameter if the material needs to get at least 60,000 psi of yield strength and a final diameter of .5 in. Tensile strength Strength (psi) 100,000 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 100 90 80 70 60 50 40 30 20 Yield strength % Elongation % Elo...
1 answer
What is the electron configuration for oxygen?
What is the electron configuration for oxygen?...
1 answer
2. Let R be a commutative ring with unity 1, and let a be a unit...
2. Let R be a commutative ring with unity 1, and let a be a unit in R Let / be an ideal in R that contains the element a. Prove that / cannot be a proper ideal of R. 3. Let R be a commutative ring with unity 1 of order 30, and let be a prime ideal of R. Prove that is a maximal ideal of R...
1 answer
Collect and Comment on the variability of three recent data sets describing similar processes (co...
Collect and Comment on the variability of three recent data sets describing similar processes (could be prices of three items over the last month, demographic information related to 3 countries over last year, etc.). Exercise #2: Plot the probability mass function (PMF) and the cumulative distributi...