Applying the allowance method (percent-of-sales) to account for uncollectiblesduring its first year of operations, fall wine tour earned net credit sales of 311000. Industry experiences suggests that bad debts will amount to 3% of net credit sales. At december 31, 2018, accounts receivable total 44000. The company uses the allowance method to account for uncollectibles. Requirements:1. Journalize Fall Wine Tour’s Bad Debts Expense using the percent of-sales method.2. Show how to report accounts receivable on thebalance sheet at December 31, 2018.

answer; monopolistic competition;

answernet income for 2017 will be greater if the inventory quantity declines;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.