Using the accounts receivable aging method, estimated uncollectible accounts are $50,000 . If the balance of the Allowance for Uncollectible Accounts is an $18,000 debit before adjustment, what is the balance after adjustment?
a. $68,000
b. $50,000
c. $18,000
d. $32,000
B
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The journal entry to record $1600 of direct labor and $200 of indirect labor incurred will include debit(s) to the ________.
A) Manufacturing Overhead account for $1800 B) Work-in-Process Inventory account for $1600 and Finished Goods Inventory account for $200 C) Finished Goods Inventory account for $1800 D) Work-in-Process Inventory account for $1600 and Manufacturing Overhead account for $200
What is another term for the two-factor need theory?
A. hierarchy of needs B. motivator-hygiene theory C. McClelland’s need theory D. goal-setting
At December 31 of the current year, a company reported the following:Â Total sales for the current year: $980,000 includes $160,000 in cash salesAccounts receivable balance at Dec. 31, end of current year: $160,000Allowance for Doubtful Accounts balance at January 1, beginning of current year: $7,300Bad debts written off during the current year: $5,800.Prepare the necessary adjusting entries to record bad debts expense assuming this company's bad debts are estimated to equal 1.5% of credit sales:
What will be an ideal response?
Commerce & Trade Corporation and Distance Shipping & Transport, Inc, form a business trust. eCharge Auto Company and Fleet Electric Corporation form a joint stock company. Green AgriCorp and Harvest Farms, Inc, form an in-corporated cooperative. What features do these combinations of business organization have in common?