The trial balance before adjustment of Braxton Inc. shows the following balances. Accounts receivable
Allowance for doubtful accounts Net Credit Sales
Journalize the Bad Debt Expenses assuming:
i. 1.2% of Sales will be uncollectible
DEBIT
$170,000 1,750
CREDIT
$1,280,000
ii. 9% of gross accounts receivable will be uncollectible
iii. the same as part ii above instead there is a credit balance in Allowance for doubtful
accounts of $1,700 and collected $2,100 from an account previously written off. Answer the questions relating to each of the four independent situations as requested. 5 marks each

Peppy roaney believes that pizza is a much more versatile dish than most people realize. as the national marketing manager for pizza guys, he observed how consumers were delighted with barbecue pizza, hawaiian pizza, mexican pizza and other unique combinations. his suggestions for other unusual pizzas, however, were met with a negative response by his superiors. even some of his colleagues laughed at his ideas. peppy's confidence in his ability to understand the market has led him to focus on planning a business of his own. peppy realizes that he will take a risk when he leaves his job with pizza guys and embarks upon a new venture: peppy's pizzazzeria. peppy is excited about the potential of profitably catering to the unmet desires of pizza consumers. peppy is confident that peppy's pizzazzeria will be a success, but only if he has enough money to do things right. since peppy has very little personal wealth, he knows he must obtain financial assistance. in order to prepare for meetings with bankers and p

The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.

The sec has historically raised questions regarding the independence of firms that derive a significant portion of their total revenues from one audit client or group of clients because the sec staff believes this situation causes cpa firms to