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Question - "Alpha Company uses the direct write-off method of recording uncollectible accounts. On August 15, 2016, Yankee Zulu filed for bankruptcy and informed Alpha that he would be unable to pay $550 owed to Alpha. Alpha is certain that it will be unable to collect the $550." Create a general journal entry for Aug 15?
Harry purchased one share of common stock in a computer company for $90. Shortly after he purchased it, the corporation distributed two new shares of common stock for each s
Based on your experience or readings, discuss the role of higher education and professional development providers in the preparation of Purchasing and Supply Management prof
The estimated salvage value is $20,000, and the estimated useful life is 10 years. The straight-line method will be used for depreciation. What is the depreciation base of t
Blackstone Inc is a non-assurance client of our firm. On February 14,2011,the board of directors of Blackstone Inc. authorized the disposition of its existing corporate jet
Notice the use of the IF function. The IF function looks like =IF (condition, true, false). To use the IF function; first describe a certain condition to Excel. Next indicate
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Earl explained what he meant by effective welfare reform by stating,"Welfare reform can only be considered effective when at least 40 percent of the adults currently on welf
Funseth Farms, purchased a tractor in 2008 at a cost of $30,000. The tractor was sold for $3,000 in 2011. Depreciation recorded through the disposal date totaled $26,000.
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