The Allowance for Bad Debts account has a credit balance of $2,000 before the adjusting entry for bad debts expense. The company's management estimates that 2% of net credit sales will be uncollectible for the year 2019. Net credit sales for the year were $250,000. Prepare the journal entry to record the bad debts expense on December 31, 2019. Omit explanation.
What will be an ideal response?
Business
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Give an account of termination of offer due to lapse of time
What will be an ideal response?
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Which of the following is not true regarding an LP model of the assignment problem?
a. Costs appear in the objective function only. b. All constraints are of the ? form. c. All constraint left-hand side coefficient values are 1. d. All decision variable values are either 0 or 1.
Business
The shape of the uniform probability distribution is ____________
A) symmetrical B) left-skewed C) right-skewed D) flat
Business
One impact that the transit privilege has on facility location is that intermediate locations can be optimum
Indicate whether the statement is true or false
Business