Business, 24.10.2019 16:43 pineapplefun
During 2021, its first year of operations, pave construction provides services on account of $152,000. by the end of 2021, cash collections on these accounts total $106,000. pave estimates that 30% of the uncollected accounts will be uncollectible. in 2022, the company writes off uncollectible accounts of $12,420. required: 1. record the adjusting entry for uncollectible accounts on december 31, 2021. (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field.) 2-a. record the write-off of accounts receivable in 2022. (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field.) 2-b. calculate the balance of allowance for uncollectible accounts at the end of 2022 (before adjustment in 2022). 3-a. assume the same facts as above but assume actual write-offs in 2022 were $18,630. record the write-off of accounts receivable in 2022. (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field.) 3-b. assume the same facts as above but assume actual write-offs in 2022 were $18,630. calculate the balance of allowance for uncollectible accounts at the end of 2022 (before adjustment in 2022).
Answers: 2
Another question on Business
Business, 22.06.2019 14:40
Increases in output and increases in the inflation rate have been linked to
Answers: 2
Business, 23.06.2019 02:00
Suppose that a major city’s main thoroughfare, which is also an interstate highway, will be completely closed to traffic for two years, from january 2014 to december 2015, for reconstruction at a cost of $535 million. if the construction company were to keep the highway open for traffic during construction, the highway reconstruction project would take much longer and be more expensive. suppose that construction would take four years if the highway were kept open, at a total cost of $800 million. the state department of transportation had to make its decision in 2014, one year before the start of construction (so that the first payment was one year away). so the department of transportation had the following choices: (i) close the highway during construction, at an annual cost of $267.5 million per year for two years. (ii) keep the highway open during construction, at an annual cost of $200 million per year for four years. now suppose the interest rate is 80%. calculate the present value of the costs incurred under each plan.
Answers: 3
Business, 23.06.2019 21:00
Jason is a technology enthusiast who is happy to conduct alpha and beta testing and report on early weaknesses of consumer electronics products. he is most likely to fall in the adopter category.
Answers: 3
Business, 24.06.2019 03:00
Imperfect markets: a. always result in supply exceeding demand. b. occur when the buyer or seller has an influence on the price. c. do not exist in democracies. d. can't occur if there are many buyers and many sellers. e. always result in demand exceeding supply.
Answers: 2
You know the right answer?
During 2021, its first year of operations, pave construction provides services on account of $152,00...
Questions
English, 01.10.2019 21:00
History, 01.10.2019 21:00
Business, 01.10.2019 21:00
Geography, 01.10.2019 21:00
History, 01.10.2019 21:00
Social Studies, 01.10.2019 21:00
