Business, 28.06.2020 03:01, mallyosburn
Dhaliwal Digital categorizes its accounts receivable into three age groups for purposes of estimating its allowance for uncollectible accounts. Accounts not yet due = $104,000; estimated uncollectible = 15%. Accounts 1–45 days past due = $14,400; estimated uncollectible = 20%. Accounts more than 45 days past due = $5,700; estimated uncollectible = 25%. Before recording any adjustments, Dhaliwal has a debit balance of $25,700 in its allowance for uncollectible accounts. Required: 1. Estimate the appropriate 12/31/2021 balance for Dhaliwal’s allowance for uncollectible accounts. 2. What journal entry should Dhaliwal record to adjust its allowance for uncollectible accounts?
Answers: 2
Business, 21.06.2019 14:00, thestuckone
Identifying type and normal balances of accounts lo c4 for each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense, (2) identify the normal balance of the account, and (3) select debit (dr.) or credit (cr.) to identify the kind of entry that would increase the account balance.
Answers: 1
Business, 21.06.2019 17:50, caitlinhardin8553
Which of the following best explains why a large company can undersell small retailers? a. large companies can offer workers lower wages because they provide more jobs. b. large companies can pay their employees less because they do unskilled jobs. c. large companies can negotiate better prices with wholesalers. d. large companies have fewer expenses associated with overhead.
Answers: 1
Business, 22.06.2019 12:10, montgomerykarloxc24x
The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. the equivalent units of production (eup) for the period were 9,000 for direct materials and 6,000 for conversion. the costs per eup were:
Answers: 3
Business, 22.06.2019 19:30, mfkinnatz
Dollar shave club is an ecommerce start-up that delivers razors to its subscribers by mail. by doing this, dollar shave club is using a(n) to disrupt an existing market. a. innovation ecosystem b. architectural innovation c. business model innovation d. incremental innovation
Answers: 2
Dhaliwal Digital categorizes its accounts receivable into three age groups for purposes of estimatin...
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