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1 year ago

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A farmer sells five pounds of pecans to a smith's fresh pecans for $10. smith's fresh pecans resells three pounds for $4.50 per

pound. the remaining pecans are shelled and canned and sold for a total of $8.00 taking these transactions into account, how much is added to gdp?

1 answer:

AURORKA [14]1 year ago

4 0

$21.50 is added to GDP.

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Answer:

Journal entries

(a)

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(b)

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Cr. Allowance for Doubtful Accounts $5,737

Explanation:

Bad debt Expense will be calculated using the percentage of debt loss. The expense will be calculated using the account receivable balance.

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(a)

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(b)

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Answer:

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Answer:

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Explanation:

Formula for Effective annual rate ( EAR ) -

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