On december 31, 2020, central freight reported an allowance for uncollectible accounts of $15,300. during 2021, central wrote off $17,000 in accounts receivable. included in the write-off was roskoff corp.'s account in the amount of $750. roskoff subsequently paid this balance. at december 31, 2021, an analysis of the accounts receivable aging schedule indicated the need for an allowance for uncollectible accounts of $14,900.
prepare all implied journal entries relative to bad debt expense and the allowance for the uncollectible accounts.
Answers: 2
Business, 21.06.2019 20:40
Afirm that makes electronic circuits has been ordering a certain raw material 250 ounces at a time. the firm estimates that carrying cost is i = 30% per year, and that ordering cost is about $20 per order. the current price of the ingredient is $200 per ounce. the assumptions of the basic eoq model are thought to apply. for what value of annual demand is their action optimal?
Answers: 3
Business, 22.06.2019 09:40
Newton industries is considering a project and has developed the following estimates: unit sales = 4,800, price per unit = $67, variable cost per unit = $42, annual fixed costs = $11,900. the depreciation is $14,700 a year and the tax rate is 34 percent. what effect would an increase of $1 in the selling price have on the operating cash flow?
Answers: 2
Business, 23.06.2019 01:30
Akika corporation started as a small firm and has grown substantially in the past decade. its interests span from electronics to real estate and aviation. akika's board of directors have now decided to create independent business units for and categorize the actions performed under each domain. each business unit will have distinct roles and responsibilities. which of the 14 principles of fayol does this exemplify?
Answers: 3
On december 31, 2020, central freight reported an allowance for uncollectible accounts of $15,300. d...
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