Stuart, a cash-basis taxpayer, operates a small retail store. his books show the following income items for the year: sales – paid, $84,357; sales – unpaid, $1,549; and sale of cardboard packaging to recycling company, $1,314 – paid. what does stuart report as his gross income on his schedule c? a. $87,220b. $85,906c. $85,671d. $84,357

Kis the insured and p is the sole beneficiary on a life insurance policy. both are involved in a fatal accident where k dies before p. under the common disaster provision, which of these statements is true?

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?