Toney Company's year-end unadjusted trial balance shows the following: Accounts
Receivable $47,000; Allowance for Doubtful Accounts $147 (credit), and Sales
$170,000. Uncollectibles are estimated to be 2% of sales. In the year-end adjusting
entry to record bad debt expense, the company will:
Debit Bad Debt Expense $3,253; credit Allowance for Doubtful Accounts $3,253
Debit Bad Debt Expense $3,547; credit Allowance for Doubtful Accounts $3,547
Debit Allowance for Doubtful Accounts $3,253; credit Bad Debt Expense $3,253
Debit Bad Debt Expense $3,400; credit Allowance for Doubtful Accounts $3,400
a
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The hartman family is saving $400 monthly for ronald's college education. the family anticipates they will need to contribute $20,000 towards his first year of college, which is in 4 years .which best explain s whether the family will have enough money in 4 years ?

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.

Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld