Business, 25.03.2020 05:27 RiddleRider

Gonzalez Company has been in business for several years. At the end of the current year, the ledger shows:

Accounts Receivable $327,400 Dr.
Sales Revenue 2,136,500 Cr.
Allowance for Doubtful Accounts 7,900 Cr.

Bad debts are estimated to be 5% of accounts receivable. Prepare the entry to adjust Allowance for Doubtful Accounts.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 17:50

Bandar industries berhad of malaysia manufactures sporting equipment. one of the company’s products, a football helmet for the north american market, requires a special plastic. during the quarter ending june 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. the plastic cost the company $171,000. according to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. 1. what is the standard quantity of kilograms of plastic (sq) that is allowed to make 35,000 helmets? 2. what is the standard materials cost allowed (sq x sp) to make 35,000 helmets? 3. what is the materials spending variance? 4. what is the materials price variance and the materials quantity variance?

Answers: 1

Answer

Business, 22.06.2019 23:30

Which career pathways require workers to train at special academies? a.emts and emergency dispatchers b.crossing guards and lifeguards c.police officers and firefighters d.lawyers and judges

Answers: 3

Answer

Business, 23.06.2019 01:00

What are the benefits of different types of career education, like community colleges, vocational training programs, and four-year colleges?

Answers: 3

Answer

Business, 23.06.2019 01:50

In january, knox company requisitions raw materials for production as follows: job 1 $915, job 2 $1,590, job 3 $771, and general factory use $704. during january, time tickets show that the factory labor of $6,300 was used as follows: job 1 $2,344, job 2 $1,711, job 3 $1,554, and general factory use $691. prepare the job cost sheets for each of the three jobs.

Answers: 1

Answer

You know the right answer?

Gonzalez Company has been in business for several years. At the end of the current year, the ledger...

Questions