Business, 15.10.2019 02:00 damienlopezram
At the end of the year, a company has the following accounts receivable and estimates of uncollectible accounts: accounts not yet due = $79,000; estimated uncollectible = 7%. accounts 1-30 days past due = $36,000; estimated uncollectible = 25%. accounts more than 30 days past due = $3,000; estimated uncollectible = 65%. record the year-end adjustment for uncollectible accounts, assuming the current balance of the allowance for uncollectible accounts is $1,600 (debit). (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field.)
Answers: 3
Business, 22.06.2019 09:40
As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?
Answers: 3
Business, 22.06.2019 17:50
Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.
Answers: 2
Business, 22.06.2019 21:40
Which of the following is one of the main causes of inflation? a. wages drop so workers have to spend a higher percentage of income on necessities. b. demand drops and forces producers to charge more to meet their costs. c. rising unemployment cuts into national income. d. consumers demand goods faster than they can be supplied.
Answers: 3
At the end of the year, a company has the following accounts receivable and estimates of uncollectib...
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