BC, Inc.'s unadjusted trial balance included accounts receivable $80,000 debit; allowance for doubtful accounts $750 credit; and credit sales $400,000 credit. ABC uses the aging-of-receivables method and estimates that $80,000 of its receivables will be uncollectible. After the adjusting entry is made, ABC's financial statements will report _. (check all that apply.)
allowance for doubtful accounts of $8,000 on the balance sheet
&
bad debt expense of $7,250 on the income statement
Answers: 1
Business, 22.06.2019 01:20, nonjabulomabaso7423
For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. complete parts (a) through (c) below. x (cash prize, $) p(x) grand prizegrand prize 0.000000008860.00000000886 200,000 0.000000390.00000039 10,000 0.0000016950.000001695 100 0.0001582930.000158293 7 0.0039114060.003911406 4 0.0080465690.008046569 3 0.012865710.01286571 0 0.975015928140.97501592814 (a) if the grand prize is $13 comma 000 comma 00013,000,000, find and interpret the expected cash prize. if a ticket costs $1, what is your expected profit from one ticket? the expected cash prize is $nothing.
Answers: 3
Business, 22.06.2019 10:30, abigail251
Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)
Answers: 1
Business, 22.06.2019 18:00, lovecats12
Rosie and her brother michael decided recently to purchase an rv together. they both want to use the rv to take their families camping. the price of the rv was $10,000. since michael expects to use the rv 60% of the time and rosie 40% of the time, michael contributed $6,000 and rosie contributed $4,000. their ownership percentage equals their contribution percentage. which type of property titling should they use to reflect their ownership interest?
Answers: 1
BC, Inc.'s unadjusted trial balance included accounts receivable $80,000 debit; allowance for doubtf...
Mathematics, 01.07.2020 15:01
Mathematics, 01.07.2020 15:01
Mathematics, 01.07.2020 15:01
Mathematics, 01.07.2020 15:01
Mathematics, 01.07.2020 15:01
Mathematics, 01.07.2020 15:01