Corporation uses the allowance method to account for uncollectible receivables. at the beginning of the year, allowance for bad debts had a credit balance of $1,000. during the year beluga wrote off uncollectible receivables of $2,500. beluga recorded bad debts expense of $3,300. what is beluga's year-end balance in allowance for bad debts?

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c. prepaidrent. onseptember1ofthecurrentyear, thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.

Interest is credited to a fixed annuity no lower than the variable contract rate contract guaranteed rate current rate of inflation prime rate

The "ideal" business, according to richard buskirk of the university of southern california: has many diverse employees. has a few, carefully selected employees. has many homogeneous employees. is a "one-man show".