subject
Business, 20.09.2019 16:30 josephbrowne9p18dit

On january 1, 2019, the balance in tabor co.'s allowance for bad debts account was $13,181. during the first 11 months of the year, bad debts expense of $21,916 was recognized. the balance in the allowance for bad debts account at november 30, 2019, was $9,726. required: a. what was the total of accounts written off during the first 11 months? (hint: make a t-account for the allowance for bad debts account.) b. as the result of a comprehensive analysis, it is determined that the december 31, 2019, balance of the allowance for bad debts account should be $9,392. show the adjustment required in the journal entry format. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.) c. during a conversation with the credit manager, one of tabor's sales representatives learns that a $1,242 receivable from a bankrupt customer has not been written off but was considered in the determination of the appropriate year-end balance of the allowance for bad debts account balance. what is the effect of write-off on 2019 net income? increase decrease no effect

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 20:30, moorega2100
Suppose the price of a complement to lcd televisions rises. what effect will this have on the market equilibrium for lcd tvs?
Answers: 1
image
Business, 21.06.2019 21:00, J3ak06
Which of the following is a reason why it is important for students to study strategy and the strategic management process? answers: studying strategy and the strategic management process can give students tools to evaluate the strategies of firms that may employ them. it can be very important to a new hire's career success to understand the strategies of the firm that hired them and their place in implementing these strategies. while strategic choices are generally limited to very experienced senior managers in large organizations, in smaller and entrepreneurial firms many employees end up being involved in the strategic management process. all of these.
Answers: 3
image
Business, 21.06.2019 23:30, Sebs1
Afreelance​ singer-songwriter is planning the restoration of a recently purchased civil​ war-era farmhouse. while he professes an enjoyment​ of, and talent in the construction​ trades, the theory of comparative advantage implies that a. the value of what he imports​ (in this​ case, professional contractor​ services) must equal the value of what he exports​ (songs). b. he should concentrate on the restoration work since his​ out-of-pocket costs will be much lower than if he hires professionals. c. ​self-sufficiency is​ advantageous, hence he should split his time between music and construction. d. the income lost while away from music will likely exceed the savings realized by doing the work​ himself, thus, he should hire professionals to do the restoration work. e. he ought to do as much of the work himself as possible since imports​ (in this​ case, professional contractor​ services) should always be restricted to those things that cannot be done internall
Answers: 2
image
Business, 22.06.2019 15:30, gracerich
University hero is considering expanding operations beyond its healthy sandwiches. jim axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. jim believes smoothie sales should fill the slow mid-afternoon period. adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. jim provides the following projections of net sales, net income, and average total assets in support of his proposal. sandwichesonly sandwiches and smoothies net sales $ 750,000 $ 1,350,000 net income 120,000 210,000 average total assets 350,000 750,000 return on assetschoose numerator ÷ choose denominator = return on assets÷ = return on assets÷ = profit margin÷ = profit margin÷ = asset turnover÷ = asset turnover÷ = times
Answers: 2
You know the right answer?
On january 1, 2019, the balance in tabor co.'s allowance for bad debts account was $13,181. during t...

Questions in other subjects:

Konu
Social Studies, 30.09.2019 19:30
Konu
Business, 30.09.2019 19:30