[Solved] The following item appeared on a balance

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 17, 2024

The following item appeared on a balance sheet: Accounts Receivable, less allowance of $ 29, 052 ...... $ 1.452,600 The gross balance in Accounts Receivable

The following item appeared on a balance sheet:

Accounts Receivable, less allowance of $ 29, 052......$ 1.452,600

The gross balance in Accounts Receivable before the allowance was deducted was:

a: 1,423,548

b: 1481,652

C: 1,452,600

D: NONE

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 Tools for Business Decision Making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

8th edition

ISBN: 978-1-119-3904, 1119392422, 111939242X, 1119390451, 978-1119392422

More Books

Students also viewed these Accounting questions

Question

★★★★★

The mechanism of the Claisen rearrangement of other allylic ethers of phenol is analogous to that of allyl phenyl ether. What is the product of the Claisen rearrangement of C6H5OCH2CH=CHCH3?

Answered: 1 week ago

Question

★★★★★

P4.23 The historical returns for two investments-A and B are summarized in the table below for the period 2007 to 2011. Use the data to answer the questions that follow. Investment A B Year Rate of...

Answered: 1 week ago

Question

★★★★★

=+c) Add lag2 and lag3 components to the model. How do the coefficients change?

Answered: 1 week ago

Question

★★★★★

The Filling Department of Savannah Lotion Company had 3,000 ounces in beginning work in process inventory (60% complete). During the period, 40,400 ounces were completed. The ending work in process...

Answered: 1 week ago

Question

★★★★★

There are two aspects that make the cigarette market distinctly different from other markets, namely (i) addictive product and (ii) oligopolistic. Explain these two concepts in the context of tobacco...

Answered: 1 week ago

Question

★★★★★

Kite Ltd acquired all of the assets and liabilities of Cloud Ltd on 1 July 2022. The following are the terms of the acquisition: Kite Ltd will provide $350,000 in cash. The shareholders of Cloud will...

Answered: 1 week ago

Question

★★★★★

Following is a sample from a population with median m. Use the sign test to test H0: m = 20 versus H1: m > 20. a. What is the value of the test statistic? b. Is H0 rejected at the = 0.05 level? c....

Answered: 1 week ago

Question

★★★★★

A famine in one nation created a huge influx of migrants to cross the border into a neighboring country. Many international aid organizations arrived at the migrant camps to provide food, water, and...

Answered: 1 week ago

Question

★★★★★

An early freeze in Normandy ruins half of the apple harvest. What happens to consumer surplus in the market for apples? What happens to consumer surplus in the market for cider? Illustrate your...

Answered: 1 week ago

Question

★★★★★

Two uniformly charged plates carrying opposite charges are separated by a distance of $20 \mathrm{~mm}$. The magnitude of the charge density on each plate is \(3 \times 10^{-8} \mathrm{C} /...

Answered: 1 week ago

Question

★★★★★

Show that for a matrix representation $D(x)$ satisfying Eq. (2.8), a new set of matrices formed by performing the same similarity transform $S^{-1} D(x) S$ for a fixed matrix $S$ on all...

Answered: 1 week ago

Question

★★★★★

Find each indicated quantity if it exists. Let f(x)= . . . . . . . x2 for x2 E) (A) Select the correct choice below and, if necessary, ll in the answer box to complete your choice. 0 A- lim f(x)= E...

Answered: 1 week ago

Question

★★★★★

2. What types of information are we collecting?

Answered: 1 week ago

Question

★★★★★

5. How quickly can we manage to collect the information?

Answered: 1 week ago

Question

★★★★★

3. Tactical/strategic information.

Answered: 1 week ago

Previous Question Next Question