Acompany’s year-end balance in accounts receivable is $2,400,000. the allowance for uncollectible accounts had a beginning-of-year credit balance of $40,000. an aging of accounts receivable at the end of the year indicates a required allowance of $48,000. if bad debt expense for the year was $50,000, what was the amount of bad debts written off during the year?

When is going to be why would you put money into saving account

Bonds often pay a coupon twice a year. for the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. using the values of cash flows and number of periods, the valuation model is adjusted accordingly. assume that a $1,000,000 par value, semiannual coupon us treasury note with three years to maturity has a coupon rate of 3%. the yield to maturity (ytm) of the bond is 7.70%. using this information and ignoring the other costs involved, calculate the value of the treasury note:

For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?