Business
Business, 16.12.2019 19:31, dflorez3064

Liang company began operations on january 1, 2017. during its first two years, the company completed a number of transactions involving sales on credit, accounts receivable collections, and bad debts. these transactions are summarized as follows.

cant figure out 5d and 5h

2017

sold $1,351,400 of merchandise (that had cost $983,100) on credit, terms n/30.

wrote off $18,700 of uncollectible accounts receivable.

received $674,100 cash in payment of accounts receivable.

in adjusting the accounts on december 31, the company estimated that 2.00% of accounts receivable will be uncollectible.

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 20:40, rusa25
On december 31, 2011, daggett company issued $750,000 of ten-year, 9% bonds payable for $700,353, yielding an effective interest rate of 10%. interest is payable semiannually on june 30 and december 31. prepare journal entries to reflect (a) the issuance of the bonds, (b) the semiannual interest payment and discount amortization (effective interest method) on june 30, 2012, and (c) the semiannual interest payment and discount amortization on december 31, 2012. round amounts to the nearest dollar.
Answers: 2
image
Business, 22.06.2019 08:30, isaicruz2018
Which actions can you improve your credit score? (multiple can be selected)having a good credit score should be your prime objective as credit companies analyze your creditworthiness before giving you a loan. there are certain guidelines you can follow to ensure you have a good credit score. always pay your mortgage interest on time. if you are a student, make student loan inquiries before taking any loan. if you have multiple credit cards, manage them judiciously. maintain a healthy balance in your bank account.1. always pay your mortgage interest on time.2. if you are a student, make student loan inquiries before taking any loan.3. if you have multiple credit cards, manage them judiciously.4. maintain a healthy balance in your bank account.
Answers: 1
image
Business, 22.06.2019 19:40, Animallover100
Best burger is a major fast food chain. its managers are motivated to grow the firm in order to increase their market power and change the industry structure in their favor. which of the following strategies is most associated with their motive for growth? a. employing celebrity spokespeople b. implementing automated burger-making machinery c. purchasing competitors d. increasing executive salaries
Answers: 3
image
Business, 22.06.2019 22:10, jeanieb
Consider the labor market for computer programmers. during the late 1990s, the value of the marginal product of all computer programmers increased dramatically. holding all else equal, what effect did this process have on the labor market for computer programmers? the equilibrium wagea. increased, and the equilibrium quantity of labor decreased. b. decreased, and the equilibrium quantity of labor increased. c. increased, and the equilibrium quantity of labor increased. d. decreased, and the equilibrium quantity of labor decreased.
Answers: 3
Do you know the correct answer?
Liang company began operations on january 1, 2017. during its first two years, the company completed...

Questions in other subjects:

Konu
Mathematics, 18.09.2020 03:01
Konu
Physics, 18.09.2020 03:01
Konu
Mathematics, 18.09.2020 03:01
Konu
Mathematics, 18.09.2020 03:01
Konu
Chemistry, 18.09.2020 03:01
Konu
Mathematics, 18.09.2020 03:01
Konu
Chemistry, 18.09.2020 03:01
Konu
Mathematics, 18.09.2020 03:01
Konu
Mathematics, 18.09.2020 03:01
Konu
Mathematics, 18.09.2020 03:01