Business, 06.11.2019 03:31, andreapgomezr
Mantle company has been in business several years. at the end of the current year; the unadjusted trial balance shows:
accounts receivable$ 310,000 dr.
sales revenue2,200,000 cr.
allowance for doubtful accounts5,700 cr.
bad debts are estimated to be 7% of receivables.
required
prepare the entry to adjust allowance for doubtful accounts.
Answers: 3
Business, 22.06.2019 07:10, firdausmohammed80
mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.
Answers: 1
Business, 22.06.2019 08:20, XAINEE
Suppose that jim plans to borrow money for an education at texas a& m university. jim will need to borrow $25,000 at the end of each year for the next five years (total=$125,000). jim wishes his parents could pay for his education but they can’t. at least, he qualifies for government loans with a reduced interest rate while he is in school. he has a special arrangement with aggiebank to lend him the money at a subsidized rate of 1% over five years without having to make a payment until the end of the fifth year. however, at the end of the fifth year, jim agrees to pay off the loan by borrowing from longhorn bank. longhorn bank will lend him the money he needs at an annual interest rate of 6%. jim agrees to pay back the longhorn bank with 20 annual payments and the payments will be uniform (equal annual payments including principal and interest). (i) calculate how much money jim has to borrow at the end of 5 years to pay off the loan with aggiebank. a. $121,336 b. $127,525 c. $125,000 d. $102,020 e. none of the above
Answers: 2
Business, 22.06.2019 10:20, alayciaruffin076
What two things do you consider when evaluating the time value of money
Answers: 1
Mantle company has been in business several years. at the end of the current year; the unadjusted t...
English, 14.06.2021 18:10
Biology, 14.06.2021 18:10
Mathematics, 14.06.2021 18:10
Mathematics, 14.06.2021 18:10
Mathematics, 14.06.2021 18:10
Mathematics, 14.06.2021 18:10