Sage hill distributors, inc. had net sales in 2017 of $2,620,000. at december 31, 2017, before adjusting entries, the balances in selected accounts were accounts receivable $520,000 debit, and allowance for doubtful accounts $2,900 debit. if sage hill estimates that 6% of its receivables will prove to be uncollectible, prepare the december 31, 2017, journal entry to record bad debt expense. (credit account titles are automatically indented when the amount is entered. do not indent manually. if no entry is required, select "no entry" for the account titles and enter 0 for the amounts.)

What is the difference between a public and a private corporation?

The blank is type of decision-maker who over analyzes information

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.