User Account

All Pages

What the adjusting entry would include a credit to account

Assignment Help Accounting Basics
Reference no: EM132841694

Question - Waterway Industries's account balances at December 31, 2020 for Accounts Receivable and the Allowance for Doubtful Accounts are $900000 debit and $1580 credit. Sales during 2020 were $2706000. It is estimated that 1% of sales will be uncollectible. What the adjusting entry would include a credit to the allowance account?

$28640.

$27060.

$25480.

$9000.

Reference no: EM132841694

Questions Cloud

Why it taken so long for these gender barriers to come down : Many professions today still have gender stereotypes associated with them. In the past decade or so, many have begun to "open their doors" to other genders.
What factors led to the election of donald trump : What were the changes implemented by the 1990 Immigration Act? How was America's population changing by the 21st Century?
How did your race affect the treatment you received : Identify and share a time that you were treated unfairly. If you cannot think of a time that you were, share a time you witnessed someone else being treated.
Discuss the meaning of cooperative management : 1. Discuss the meaning of Cooperative Management and how it gets relevant in our society today.
What the adjusting entry would include a credit to account : It is estimated that 1% of sales will be uncollectible. What the adjusting entry would include a credit to the allowance account
Analyze the transformation of the united states : Analyze the transformation of the United States and its citizens from revolutionaries to nationalists, and from nationalists to sectionalists.
What are the key aspects of the project : What are the key aspects of the project that must be defined at the initiation / concept/ kick off" stage?
How assessment can be used to drive instruction : Assessment plays a vital role in instructional planning and teacher effectiveness. This assignment will give you the opportunity to exhibit your knowledge.
Identify the trade-restraining practice : Identify the trade-restraining practice that this example demonstrates. Tubifor, Inc. purchases all available imported lumber so it can resell it at a quantity

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd