The year, Luther Company had net credit sales of $ 44 comma 000. At the end of the year, before adjusting entries, the balance in Accounts Receivable was $ 14 comma 000 (debit) and the balance in Allowance for Bad Debts was $ 640 (credit). If the company uses an income statement approach to estimate bad debts at 4%, what is the ending balance in the Allowance for Bad Debts account? A. $ 1 comma 120 B. $ 1 comma 760 C. $ 1 comma 200 D. $ 2 comma 400

Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.

What do you think: would it be more profitable to own 200 shares of penny’s pickles or 1 share of exxon? why do you think that?

Which term best describes the statement given below? if p = q and q = r, then p = r