Splitter Corporation had total sales in the current year of $750,000 and credit sales of $650,000. The Accounts Receivable balance was $450,000 on the balance sheet date and the Allowance for Doubtful Accounts had a credit balance of $10,000 before adjusting entries. Bad debt expense is estimated as 2% of credit sales. The adjusting entry to record estimated bad debt expense would include a
A) $13,000 debit to Bad Debt Expense.
B) $13,000 debit to Allowance for Doubtful Accounts.
C) $13,000 debit to Bad Debt Expense
D) $13,000 credit to Allowance for Doubtful Accounts.
A
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With the increased availability of more complex service desk technology, service desks have decreased their reliance on e-mail to communicate internally. According to the Help Desk Institute, less than 40% of services desks use e-mail to communicate internally.
Answer the following statement true (T) or false (F)
Generally, employees of nonagricultural, private-sector firms are entitled to benefits for work-related accidents and illnesses leading to temporary or permanent disabilities under:
A. ERISA. B. the Social Security Act. C. the Federal Unemployment Tax Act. D. workers' compensation.
A use case describes the interaction of entities ________ a system with the system
A) inside B) outside C) both A & B D) neither A or B
When a company's district managers submitted their preliminary budget proposals, top management discovered that the southern district manager had requested a new project management information system. Unfortunately, the system is incompatible with the system used at headquarters. Which of the following advantages of budgeting reduces the likelihood that the company will end up with two incompatible systems?
A. Planning B. Corrective measures C. Coordination D. Performance measurement