Brady is hired in 2018 to be the accountant for anderson manufacturing, a private company. at the end of 2018, the balance of accounts receivable is $24,500. in the past, anderson has used only the direct write-off method to account for bad debts. based on a detailed analysis of amounts owed, brady believes the best estimate of future bad debts is $8,100. 1. if anderson continues to use the direct write-off method to account for uncollectible accounts, what adjustment, what adjustment, if any, would brady record if anderson instead uses the allowance method to account for uncollectible accounts?

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks

In 1975, mcdonald’s introduced its egg mcmuffin breakfast sandwich, which remains popular and profitable today. this longevity illustrates the idea of:

Shelly bought a house five years ago for $150,000 and obtained an 80% loan. now the home is worth $140,000 and her loan balance has been reduced by $12,000. what is shelly's current equity?