Credit losses based on credit sales smith & sons uses the allowance method of handling its credit losses. it estimates credit losses at two percent of credit sales, which were $1,900,000 during the year. on december 31, the accounts receivable balance was $300,000, and the allowance for doubtful accounts had a credit balance of $21,400 before adjustment. show how accounts receivable and the allowance for doubtful accounts would appear in the december 31 balance sheet. (do not use negative signs with your answers.)

How do primary and secondary industries differ

•broussard skateboard’s sales are expected to increase by 15% from $8 million in 2016 to $9.2 million in 2017. its assets totaled $5 million at the end of 2016. broussard is already at full capacity, so its assets must grow at the same rate as projected sales. at the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. the after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. use the afn equation to forecast broussard’s additional funds needed for the coming year

The following information is available for ellen's fashions, inc. for the current month. book balance end of month $ 7 comma 000 outstanding checks 700 deposits in transit 4 comma 500 service charges 120 interest revenue 45 what is the adjusted book balance on the bank reconciliation?