Providing for doubtful accounts at the end of the current year, the accounts receivable account has a debit balance of $1,110,000 and sales for the year total $12,590,000. the allowance account before adjustment has a debit balance of $15,000. bad debt expense is estimated at 3/4 of 1% of sales. the allowance account before adjustment has a debit balance of $15,000. an aging of the accounts in the customer ledger indicates estimated doubtful accounts of $48,000. the allowance account before adjustment has a credit balance of $8,800. bad debt expense is estimated at 1/2 of 1% of sales. the allowance account before adjustment has a credit balance of $8,800. an aging of the accounts in the customer ledger indicates estimated doubtful accounts of $73,000. determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above.

Vulcan company is a monthly depositor whose tax liability for march 2019 is $2,510. 1. what is the due date for the deposit of these taxes? march 17 2. assume that no deposit was made until april 29. compute the following penalties. assume a 365-day year in your computations. round your answers to the nearest cent. a. penalty for failure to make timely deposits. $ b. penalty for failure to fully pay employment taxes $ c. interest on late payment (assume a 5% interest rate). $ d. total penalty imposed $

On june 1 of the current year, chad wilson established a business to manage rental property. he completed the following transactions during june: opened a business bank account with a deposit of $28,000 from personal funds. purchased office supplies on account, $2,690. received cash from fees earned for managing rental property, $7,390. paid rent on office and equipment for the month, $3,310. paid creditors on account, $1,230. billed customers for fees earned for managing rental property, $6,130. paid automobile expenses (including rental charges) for the month, $740, and miscellaneous expenses, $370. paid office salaries, $2,330. determined that the cost of supplies on hand was $1,590; therefore, the cost of supplies used was $1,100. withdrew cash for personal use, $2,210. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300) answer

Afarmer is an example of what kind of producer?