At the beginning of 2019, elliott, inc. has the following account balances: accounts receivable $41,000 (debit balance) allowance for bad debts $6,000 bad debts expense $0 for bad debts (credi (credit balance) during the year, credit sales amounted to $820,000. cash collected on credit sales amounted to $780,000, and $15,000 has been written off. at the end of the year, the company adjusted for bad debts expense using the percent-of-sales method and applied a rate, based on past history, of 2.5%. the ending balance in the allowance for bad debts is select one: a. $6,000 b. $11,500 c. $5,500 o d. $10,500
Answers: 3
Business, 22.06.2019 10:40
You were able to purchase two tickets to an upcoming concert for $100 apiece when the concert was first announced three months ago. recently, you saw that stubhub was listing similar seats for $225 apiece. what does it cost you to attend the concert?
Answers: 1
Business, 22.06.2019 11:30
Leon and sara are arguing over when the best time is to degrease soup. leon says that it's easiest to degrease soup when it's boiling. sara says it's easiest to degrease soup when it's cold. who is correct? a. neither leon nor sara is correct. b. leon is correct. c. both leon and sara are correct. d. sara is correct. student b incorrect which following answer correct?
Answers: 1
Business, 23.06.2019 03:00
What is the w-4 form used for? filing taxes with the federal government determining the amount of money an employee has paid out in taxes calculating how much tax should be withheld from a person’s paycheck calculating how much income was paid in the previous year
Answers: 1
Business, 23.06.2019 12:30
If you owned a restaurant would you manage it yourself or i or someone to manage it for you
Answers: 2
At the beginning of 2019, elliott, inc. has the following account balances: accounts receivable $41...
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