At the beginning of the year, the balance in allowance for doubtful accounts is a credit of $760. during the year, previously written off accounts of $120 are reinstated and accounts totaling $740 are written off as uncollectible. the end-of-year balance (before adjustment) in allowance for doubtful accounts should be
a. $760.
b. $120.
c. $140.
d. $740.

Your own record of all your transactions. a. check register b. account statement

Serious question, which is preferred in a business? pp or poopoo?

Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.