Trading securities were sold on January 3, 2018 for $65,000. Those securities were purchased for $52,000 on November 21 2017, and they had a fair value on December 31, 2017 of $57,000. The entry to record the sale would include a . a. debit to Investment in Trading Securities of $5,000 b. credit to Gain on Sale of Trading Securities of $8,000. c. credit to Unrealized Holding Gain/Loss-Trading Securities of $8,000 d. debit to Unrealized Holding Gain/Loss-Trading Securities of $5,000.

Which feature is a characteristic of a corporation?

You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase

Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?