1.Assume that for an accounting period, deductible VAT is 5.000 RON, and collectible VAT is 3.000 RON. Required: Journalize the VAT compensation end of the period.
2 Assume now that for an accounting period, deductible VAT is 10.000 RON, and
collectible VAT is 15.000 RON. Also, assume that the entity had a beginning period receivable VAT of 1.000 RON. Required: Journalize the VAT compensation at the end of the period.

The following selected amounts are reported on the year-end unadjusted trial balance report for a company that uses the percent of sales method to determine its bad debts expense. accounts receivable $ 435,000 debit allowance for doubtful accounts 1,250 debit net sales 2,100,000 credit all sales are made on credit. based on past experience, the company estimates 1.0% of credit sales to be uncollectible. what adjusting entry should the company make at the end of the current year to record its estimated bad debts expense

In june 2009, at the trough of the great recession, the bureau of labor statistics announced that of all adult americans, 140,196,000 were employed, 14,729,000 were unemployed and 80,729,000 were not in the labor force. use this information to calculate: a. the adult population b. the labor force c. the labor-force participation rate d. the unemployment rate

Which of the following tends to result in a decrease in the selling price of houses in an area? a. an increase in the population of the city or town. b. an increase in the labor costs of construction. c. an increase in the income of new residents in the city or town. d. an increase in mortgage interest rates.