At the beginning of 2019, patriots, inc. has the following account balances: accounts receivable $45,000 (debit) allowance for bad debts $8,000 (credit) bad debts expense $0 during the year, credit sales amounted to $810,000. cash collected on credit sales amounted to $770,000, and $18,000 has been written off. at the end of the year, the company adjusted for bad debts expense using the percent-of-sales method and applied a rate, based on past history, of 3.5%. the amount of bad debts expense for 2019 is

a. $28,350
b. $18,350
c. $18,000
d. $56,875

Identify at least 3 body language messages that project a positive attitude

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.

What tax is paid by the most people in the united states