Blossom Company uses the percentage-of-receivables basis to record bad debt expense. Accounts receivable (ending balance) $505,000(debit)
Allowance for doubtful accounts (unadjusted) 4,100(debit)

The company estimates that 3% of accounts receivable will become uncollectible.

Required:
a. Prepare the adjusting journal entry to record bad debt expense for the year.
b. What is the ending (adjusted) balance in Allowance for Doubtful Accounts?
c. What is the cash (net) realizable value?

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.

Keisha took the vark inventory and discovered she prefers to learn mainly through visual and kinesthetic modes. which study strategy would best match these preferences?

True or false: it is generally better to concentrate your exercise time on the weekends only for maximum aerobic benefit.