Business
Business, 16.07.2019 16:50, YariDelOrbeez115

Selected accounts with a credit amount omitted are as follows:

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Business, 17.07.2019 16:10, cakecake15
Acompany uses the percent of sales method to determine its bad debts expense. at the end of the current year, the company's unadjusted trial balance reported the following selected amounts: accounts receivable $ 385,000 debit allowance for uncollectible accounts 600 credit net sales 900,000 credit all sales are made on credit. based on past experience, the company estimates that 0.4% of net credit sales are uncollectible. what amount should be debited to bad debts expense when the year-end adjusting entry is prepared? multiple choice $1,030 $1,630 $3,080 $3,600 $4,280
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Business, 07.09.2019 02:30, smortandsons
Jazz co. pays a dividend of $2,300 required: for the transaction above, complete the following: (a) select the accounts that are affected (there will be at least two). (b) are the selected accounts increased or decreased? (c) what is the dollar amount of change in the accounts? (d) if retained earnings is selected, choose the reason that it has changed.
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Business, 17.09.2019 20:00, emj70
Transactions and t accounts the following selected transactions were completed during july of the current year: billed customers for fees earned, $46,980. purchased supplies on account, $2,020. received cash from customers on account, $44,160. paid creditors on account, $1,220. a. journalize these transactions in a two-column journal, using the appropriate number to identify the transactions. if an amount box does not require an entry, leave it blank. (1) accounts receivable 46,980 fees earned 46,980 (2) supplies 2,020 accounts payable 2,020 (3) accounts receivable 44,160 cash 44,160 (4) accounts payable 1,220 cash 1,220 b. post the entries prepared in (a) to the following t accounts: cash, supplies, accounts receivable, accounts payable, fees earned. to the left of each amount posted in the accounts, select the appropriate number to identify the transaction. cash accounts payable supplies fees earned accounts receivable c. assume that the unadjusted trial balance on july 31 shows a credit balance for accounts receivable. does this credit balance mean an error has occurred?
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