Myers and company sold $1,800 of merchandise on account to oscar, inc. on march 1 with credit terms of 2/10, n/30. oscar returned $500 of the merchandise due to poor quality on march 3. if oscar pays for the purchase on march 11, what entry does myers make to record receipt of the payment? a. cash 1,800sales discount 36accounts receivable 1,764b. cash 1,764accounts receivable 1,764c. cash 1,800sales returns and allowances 500accounts receivable 1,300d. cash 1,274sales discount 26accounts receivable 1,300

The following selected amounts are reported on the year-end unadjusted trial balance report for a company that uses the percent of sales method to determine its bad debts expense. accounts receivable $ 435,000 debit allowance for doubtful accounts 1,250 debit net sales 2,100,000 credit all sales are made on credit. based on past experience, the company estimates 1.0% of credit sales to be uncollectible. what adjusting entry should the company make at the end of the current year to record its estimated bad debts expense

The revenues of a company increased by 39% in year one and decreased 22% in year two. what is the overall change over the two-year period?

Mark knopf is an auditor who has been asked to provide an audit and financial statement certification for a company that is going public on the new york stock exchange. knopf wants to know his personal liability if the company provides him with inaccurate or false information. which of the following sources of law will him answer that question? a. the city ordinances where the company headquarters is located. b. the state constitution of the state where the company is incorporated. c. code of federal regulations. d. all of the above