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The Brownstone, Capital account for Joe Brownstone, owner of Brownstone Company, had the following transactions for November an additional capital contribution of $28,000 on November
The Brownstone, Capital account for Joe Brownstone, owner of Brownstone Company, had the following transactions for November an additional capital contribution of $28,000 on November 1 and an additional capital contribution of $28,000 on November 15 Assuming a beginning balance in Brownstone, Capital account was $18,000 what is the balance in Brownstone, Capital account as of November 15 A. $74,000 Credit B. $46,000 Credit C. $46,000 Debit OD. $74,000 Debit Michael Company uses the percent-of-sales method for estimating bad debts expense. The company's bad debt expense is normally 4% of net credit sales which were $410,000 for the year. During the year S2,700 was written off The Allowance for Bad Debts account had a beginning debit balance of $1,000 What is the net realizable value of receivables it Accounts Receivable has a balance of $300,000? A $410,000 B $283 000 OC. $287 300 D. $279.900
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