Use the information presented in be7.5 for wilton, inc.
a. instead of an allowance for doubtful accounts balance of $2,400 credit, the balance was $1,900 debit. assume that 10% of accounts receivable will prove to be uncollectible. prepare the entry to record bad debt expense.
b. instead of estimating uncollectibles based on a percentage of receivables, assume wilton prepares an aging schedule that estimates total uncollectible accounts at $24,600. (assume an allowance of $2,400 credit.) prepare the entry to record bad debt expense.

Partnerships are the most common type of business firms in the world. t/f

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?

The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. the equivalent units of production (eup) for the period were 9,000 for direct materials and 6,000 for conversion. the costs per eup were: