Allowance for doubtful accounts has a credit balance of $1,300 at the end of the year (before adjustment). the company prepares an analysis of customers’ accounts to estimate the amount of uncollectible accounts of $41,900. which of the following adjusting entries would be made to record the bad debt expense for the year? a. debit allowance for doubtful accounts, $40,600credit bad debt expense, $40,600b. debit allowance for doubtful accounts $43,200 credit bad debt expense, $43,200c. debit bad debt expense, $43,200 credit allowance for doubtful accounts, $43,200d. debit bad debt expense, $40,600 credit allowance for doubtful accounts, $40,600

Visburg concrete company pours concrete slabs for single-family dwellings. lancing construction company, which operates outside visburg's normal sales territory, asks visburg to pour 40 slabs for lancing's new development of homes. visburg has the capacity to build 300 slabs and is presently working on 250 of them. lancing is willing to pay only $3, 300 per slab. visburg estimates the cost of a typical job to include unit-level materials, $1, 440: unit-level labor, $720: and an allocated portion of facility-level overhead, $1, 200. required calculate the contribution to profit from the special order. should visburg accept or reject the special order to pour 40 slabs for $3, 300 each?

Tara incorporates her sole proprietorship, transferring it to newly formed black corporation. the assets transferred have an adjusted basis of $240,000 and a fair market value of $300,000. also transferred was $10,000 in liabilities, $1,000 of which was personal and the balance of $9,000 being business related. in return for these transfers, tara receives all of the stock in black corporation. a. black corporation has a basis of $241,000 in the property. b. black corporation has a basis of $240,000 in the property. c. tara’s basis in the black corporation stock is $241,000. d. tara’s basis in the black corporation stock is $249,000. e. none of the above.

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