Business, 09.03.2021 03:00 kaywendel2008

1. Estimated bad debts is one-half of 1 percent of sales 2. Insurance expired for the month of November - $480 3. Interest accrued on notes receivable for the month of November - $725 4. Downtown Cabinet Company purchased 10 computers for $15,000 on a no interest 5 year loan. Record this purchase and one loan payment was paid in the month of November. 5. The accounting department discovered an overpayment of rent in the amount of $1,000 6. Property taxes accrued for the month of November should be at $5,000 7. Income taxes are estimated to be 22% of net income

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1. Estimated bad debts is one-half of 1 percent of sales 2. Insurance expired for the month of Novem...