When preparing the financial statements the adjusted trial balance is prepared listing all the accounts and associated balances after the closing entries
Indicate whether the statement is true or false
False
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Which of the following best describes the tort of battery?
A. unauthorized and harmful or offensive physical contact with another person that causes injury B. an action that arouses reasonable apprehension of imminent harm C. oral or written defamation of another person's character D. intentional confinement or restraint of another person without that person's consent
Office Accounting, Inc., hires Perry to repair a computer on site for $400, but Perry does not show up as agreed. Office Accounting hires Raul to do the job for $350. Office Accounting may recover from Perry
A. compensatory damages. B. consequential damages. C. nominal damages. D. punitive damages.
Which of the following correctly calculates NAV?
A. value of portfolio multiplied by number of shares B. value of portfolio plus liabilities divided by number of shares C. value of portfolio minus liabilities divided by number of shares D. value of portfolio minus liabilities
The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2019: Number of Days Unpaid Total Accounts Receivable Historical % Uncollectible ??Not yet due$126,500? 2?% ??1-30 days past due 89,200? 12?% ??31-60 days past due 53,600? 18?% ??Over 60 days past due 31,800? 35?% ??Required:a. The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Inc. is a credit balance in the amount of $28,947 on July 31, 2019. Prepare the required adjusting entry to record Bad Debt Expense for the year. NoDateGeneral JournalDebitCredit??????????b. Johnston Supplies, Inc. writes off $3,081 of uncollectible accounts on August 15, 2019. Prepare the required
adjusting entry to record the write-off. NoDateGeneral JournalDebitCredit??????????c. Use a T-account to determine the account balance in the Allowance for Doubtful Accounts on August 15, 2019. Allowance for Doubtful Accounts???????????????? What will be an ideal response?