[Solved] 6) if company have have 25000 Receviable

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 21, 2024

6) if company have have 25000 Receviable and all owns 5000 in Dec 31 company company write entry allowns. A) Bad Debt exp 5. -

6) if company have have 25000 Receviable and all owns 5000 in Dec 31 company company write entry allowns. A) Bad Debt exp 5. - Debit side B-) AIR 2. credits c.) cash 2500. - Debit side D3 cash 5o.o -credit

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

Recommended Textbook for

Managerial Accounting

Authors: McGraw Hill Education

14th Edition

ISBN: 1121182518, 978-1121182516

More Books

Students also viewed these Accounting questions

Question

★★★★★

Explain how reciprocal ownership interests are accounted for on consolidation.

Answered: 1 week ago

Question

★★★★★

Exercise 7-2 Variable Costing Income Statement, Explanation of Difference in Net Operating Income LO7-2 Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia....

Answered: 1 week ago

Question

★★★★★

Assume the same facts as in Question 4(b) but add the presence of a 7.5% value added tax on the sales and a 1% transaction cost paid to the supplier of credit card transactions. Required: (a) Show...

Answered: 1 week ago

Question

★★★★★

Markowis Corporation sells three different models of mosquito zapper. Model A12 sells for $50 and has variable costs of $40. Model B22 sells for $100 and has variable costs of $70. Model C124 sells...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

Anna and Benjamin, a wealthy couple, are the two shareholders and directors of Vigilant Ltd, which runs a very profitable waste and recycling consultancy. Vigilant Ltd owns all 100 issued HK$ 100...

Answered: 1 week ago

Question

★★★★★

Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the cutting process. The following information...

Answered: 1 week ago

Question

★★★★★

The accounting records of LeClaire Delivery Services show the following assets and liabilities as of the end of 2023 and 2022: Cash Accounts receivable Office supplies Trucks Office equipment Land...

Answered: 1 week ago

Question

★★★★★

32. Part A The partnership of Wingler, Norris, Rodgers, and Guthrie was formed several years ago as a local architectural firm. Several partners have recently undergone personal financial problems...

Answered: 1 week ago

Question

★★★★★

Joseph is 72 years old and lives alone in a one-bedroom apartment in Stoughton. For the past 8 years he has been using a walker. He has a high risk of falling and needs assistance with some...

Answered: 1 week ago

Question

★★★★★

Stephanie Parker is a salaried, nonexempt administrator for Forise Industries and is paid biweekly. Her annual salary is $63,000, and her standard workweek is 45 hours. During the pay period ending...

Answered: 1 week ago

Question

★★★★★

Describe how outsourcing HRM activities can improve service delivery efficiency and effectiveness. page 679

Answered: 1 week ago

Question

★★★★★

As a class, list the possible sources when recruiting the following: a labourer in a sawmill; a laboratory technician for a hospital; a manager for a retail shop; and a design engineer for a car-...

Answered: 1 week ago

Question

★★★★★

List the competencies the HRM executive needs to become a strategic partner in the company. page 689

Answered: 1 week ago

Previous Question Next Question