Answer:
(B) debit Bad Debt Expense, $14,000; credit Allowance for Doubtful Accounts, $14,000
Explanation:
allowance fordoubtful accounts 1,100 debit
expected uncollectible 12,900
adjustment 14,000
We have to adjust to react the 12,900 as ending balancefor the allowance so we have to adjust as much as it takes to be 12,900 balance.
Answer:
1. Attached is the Stockholder's equity section of the company's balance at the end of the current year.
Preferred stock = 2,500 (half of 5,000) were issued at par value of $100 each = 2,500 * 100 = $250,000
Additional Paid in capital for Preferred stock = (103 - 100) * 2,500 = $7,500
Common stock = 59,000 issued at stated value of $2 = 59,000 *2 = $118,000
Additional Paid in capital for Common stock = (22 - 2) * 59,000 = $1,180,000
2. The Stockholder's equity section is prepared with the book values of the relevant entries. As such, it WILL NOT be affected by changes in market value.
Answer:
- $104.50
- $67.50
- $65.50
- $77.50
- $56.50
Explanation:
the income tax to withhold from the biweekly wages are :
- <u> </u><u>Karen Overton (single, 0 allowances), $900 wages</u>
=$34.90 + ($900 - 436) x 15%
= $104.50
- <u> Nancy Haller (married, 4 allowances), $1,000 wages </u>
=($1000 - 325 ) x 10%
= $67.50
- <u>Alan Glasgow (married, 1 allowance), $980 wages </u>
=($980 - 325 ) x 10%
= $65.50
- <u>Joseph Kerr (single, 4 allowances), $720 wages </u>
= $34.90 + ($720 - $436) x 15%
= $77.50
- <u> </u><u>Ginni Lorenz (single, 1 allowance), $580 wages</u>
= $34.90 + ($580 - $436) x 15%
= $56.50
Answer:
The correct answer to the following question is Initiating phase of the product life cycle.
Explanation:
When a company undertakes a project there is always risk on the success of project objectives, that's why it is important that a company implements risk management process as early as they can in the projects life cycle, starting with the initiating phase of the life cycle. So that the risk can be identified in early stage and then it cab be assessed properly and right responses can be developed before moving on to next stage of projects life cycle.
Answer: a deal website that compares different types of cars, so he can choose the one he likes best
Explanation:
When buying a good or service, it is best to look out for a variety of those goods because it will enable a person to be able to compare the different varieties and be able to pick the one most suitable for them.
Tanner therefore will most likely use a website that compares cars so that he is able to see the features that different cars offer which will enable him make a decision that is most suitable for him.
