An examination of the accounting records revealed the following additional information applicable to 2019: a)Land costing $15,000 was sold for $15,000 b)A mortgage note was issued for $40,000 c)A building costing $115,000 was constructed d)2,500 shares of common stock were issued at $40 in exchange for the bonds payable e)Cash dividends declared were $74,670

Sara bought 12 3/4 cakes sara's friends ate 3/8 how much cake is left

Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false