Answered step by step
Verified Expert Solution
Question
1 Approved Answer
11 on December 15, the accounts -cember 15, the accounts receivable balance was + soooo and the balance in the allowance doubltul accounts was 45.ooo.
11 on December 15, the accounts -cember 15, the accounts receivable balance was + soooo and the balance in the allowance doubltul accounts was 45.ooo. That morning oncollected account written off. The net realizode value of accounts immediately after the write off is a) 144.000 $ 46.000 c) $ 45,000 d) & 49,000 2i on January 1, a company Sold a mochine fox $5,000 that lit had used for several years. The machine cout $11.000 land had accumulated deprecation of $4.500 at the time of the sole. what gain of loss will be reported on the income statment for the sale of the machine for the year ended December 31 a) loss of $6,500 b) gain of $5,000 c) loss of $1,500 d) gain of $1,500
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started