At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 919,000 Credit sales 319,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable $ 144,000 debit Allowance for doubtful accounts 6,900 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 6% of credit sales, (2) 4% of total sales and (3) 9% of year-end accounts receivable.

answer; i believe the correct answer is (a) purchase of treasury stock;

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answer/// sequence of operations that requires the longest time for completion';