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On dec 31, of the current year, a company's unadjusted trial balance revealed the following: accounts receivable of $185600; Sales Revenue of 128000; (75% were on credit); and allowance for doubtful accounts of 1600 (credit balance).
Prepare the following journal entry to record the estimate for bad debts assuming:
1. 6% of the accounts receivable balance is assumed to be uncollectible.
2. Bad debts expense is estimated to be 1.55 of credit sales.
Mike owns a snowmobile manufacturing business,
the real risk-free rate is 3.25. inflation is expected to be 1.5 this year and 4.75 during the next 2 years. assume
on january 2 2015 prentice co. bought a trademark from royce inc. for 320000. its unamortized cost on royces books was
blackrock company received a 6-month 12 note for 100000 from its president on november1 2010. the note is due on april
the jung corporations budget calls for the following productionquarter 1 45000 unitsquarter 2 38000 unitsquarter 3
bravo baking uses standard costing to analyze its performance. the data below is provided for your use in determining
all of the outstanding stock of a closely held c corporation is owned equally by mary smith and bob bufusno. in 2012
assignment 1 application of financial statementstudents will prepare a two to three 2-3 page response to the
Curtis Corporation's balance sheet included the following:Common Stock, $5 par value, 5,000 shares issuedand outstanding $25,000Retained Earnings 20,000Total Stockholders' Equity $45,000Prepare journal entries for the following transactions.Ma..
assuming that all direct materials are placed in process at the beginning of production what is the total cost of the
Why is depreciation for income tax purposes an important concern of taxpayers and how does tax depreciation differ from financial accounting depreciation?
the junior league of tampa florida collected recipes frommembers and published a cookbook entitled life of theparty.
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