Monty, Inc. had net sales in 2020 of $1,429,400. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $237,400 debit, and Allowance for Doubtful Accounts $1,859 debit. Assume that 10% of accounts receivable will prove to be uncollectible. Prepare the entry to record bad debt expense
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Business, 22.06.2019 12:50
In june 2009, at the trough of the great recession, the bureau of labor statistics announced that of all adult americans, 140,196,000 were employed, 14,729,000 were unemployed and 80,729,000 were not in the labor force. use this information to calculate: a. the adult population b. the labor force c. the labor-force participation rate d. the unemployment rate
Answers: 3
Business, 22.06.2019 21:00
Adecision is made at the margin when each alternative considers
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Business, 23.06.2019 00:20
Barney corporation recognized a $100 million preferred stock balance on 12/31/2019. on january 1, 2020, barney issued $10 million in preferred dividends. on the same date, barney raised an additional $20 million via a new issuance of preferred stock. on december 31, 2020, the market value of the original amount of preferred shares rose $5 million. under us gaap, the 12/31/2020 year ending preferred stock balance is:
Answers: 3
Monty, Inc. had net sales in 2020 of $1,429,400. At December 31, 2020, before adjusting entries, the...
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