Business, 23.03.2020 16:31, allisonlillian
December 31, Year 1, the Loudoun Corporation estimated that 3% of its credit sales of $112,500 would be uncollectible. Loudoun uses the allowance me On thod of accounting for uncollectible accounts. In February of Year 2, f Loudoun's customers failed to pay his $1,050 account and the account was written off On April 4. Year 2 this customer paid Loudoun the $1,050 Which of the following answers correctly the customer's account? states the effect of Loudoun Company's February Year 2 entry to write off Assets = Liab.+Equity Rev. - Expenses = Net Inc. Cash Flow A. NA = NA + NA NA -NA = NA NA NA B. (1,050) = NA + (1,050) (1,050)-NA = (1,050) NA c. (1,050) = (1,050)+NA NA-NA=NA NA D. NA = (1,050)+(1,050) NA-(1,050)-(1,050) NA.
1. Option C
2. Option B
3. Option D
4. Option A
Answers: 1
Business, 22.06.2019 20:00, ethanyayger
Acompetitive market in healthcare would a. overprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers b. underprovide healthcare because it would eliminate medicare and medicaid c. underprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers d. overprovide healthcare because it would be similar to the approach used in canada
Answers: 1
December 31, Year 1, the Loudoun Corporation estimated that 3% of its credit sales of $112,500 would...
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