Janine is an engineering professor at Southern College. Her annual salary is $110,000. She owns two 3-unit apartment buildings near the university. Because of the proximity to the campus, Janine actively manages the property. During the current year, the rental of the property produced a $29,500 loss. How much of the loss can Janine deduct for the current year?

Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?

Kubin company’s relevant range of production is 24,000 to 31,000 units. when it produces and sells 27,500 units, its average costs per unit are as follows:

Stockholders' equity and liabilities both have normal credit balances. why are the stockholders' equity debit/credit rules more complex than liabilities?