On december 31, 2019, novak corp. estimated that 4% of its net accounts receivable of $414,400 will become uncollectible. the company recorded this amount as an addition to allowance for doubtful accounts. the allowance account had a zero balance before adjustment on december 31, 2019. on may 11, 2020, novak corp. determined that the jeff shoemaker account was uncollectible and wrote off $2,072. on june 12, 2020, shoemaker paid the amount previously written off.
prepare the journal entries on december 31, 2019, may 11, 2020, and june 12, 2020.

Kinda moderates the comments section of an online travel magazine.which type of comments should linda flag or delete as inappropriate content

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer

In the fall of 2008, aig, the largest insurance company in the world at the time, was at risk of defaulting due to the severity of the global financial crisis. as a result, the u.s. government stepped in to support aig with large capital injections and an ownership stake. how would this affect, if at all, the yield and risk premium on aig corporate debt?