The following occurred in 2017.
1. Novak made sales of $10,700,000. All sales were credit sales. Novak allows some discounts for early payment of receivables and uses the gross method to record sales.
2. Customer accounts of $86,750 were written off during the year.
3. Accounts receivable of $10,800,000 were collected. Collections for the year included $280,000 of accounts on which 2% sales discounts were allowed.
4. $11,500 was received in payment of an account that was written off the books as worthless in 2016.
5. At year-end (December 31, 2017), Novak estimated that its Allowance for Doubtful Accounts needed a balance of $69,000. This estimate is based on an analysis of aged accounts receivable.
6. The note receivable and related interest were due January 1, 2017. Young collected both, in full, on that date.
Required:
Prepare journal entries to record the above transactions.

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

there is no possible way mgk stands a chance with the greatest white rapper of all time. eminem killshots had more bars than rap devil and the reason mgk is doing all this is cause he not getting attention anymore til the release of rap devil and the disses he is putting on eminem. now rap devil was more fire than killshot so mgk might won the battle with rap devil but eminem won the war with killshot.

answer; ///after donning a gown, mask and eyewear;