Ernie is journalizing an adjustment for a returned check written by a customer. In a double entry accounting system, which type of account would be credited in this journal entry? A. Cash
B. Accounts payable
C. Accounts receivable
D. Expense

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?

On april 1, the cash account balance was $46,220. during april, cash receipts totaled $248,600 and the april 30 balance was $56,770. determine the cash payments made during april.

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)