After aging the accounts receivable, it is estimated that $1,000 will not be collected, and the allowance account before adjustment has an existing credit balance of $400 . If the accounts receivable total $100,000, the net receivables after adjustment would be
a. $99,000; b. $99,400; c. $99,600; d. $98,000; e. none of these.
A
You might also like to view...
Bailey Corp sold investments for $204,000 cash that cost $180,000. The journal entry to record the transaction which correctly shows the increase in cash flow is:
A) Cash 204,000 Investments 180,000Gain on Sale of Investments 24,000 B) Cash 180,000 Loss on Sale of Investments 24,000Investments 204,000 C) Investments 204,000 Cash 204,000 D) Cash 180,000 Investments 180,000
Under the Occupational Safety and Health Act:
A) Very few safety standards have actually been adopted. B) Complaints are handled by the Equal Employment Opportunity Commission. C) Purchasers of a company's products are assured that they are safe for use in the home. D) A company can be found to be in violation even if a specific safety regulation is not violated.
Ordering costs include transportation, shipping, and inspection
Indicate whether this statement is true or false.
As the price of a product increases, the amount of the product that consumers purchase increases.
Answer the following statement true (T) or false (F)