Answer:
.8 equals 80%
Step-by-step explanation:
To find the percentage you multiply the decimal by 100 so .8 multiplyed by 100 equals 80 or 80%
Allowance method entries
The following transactions were completed by Wild Trout Gallery during the current fiscal year ended December 31:
Jan. 19. Reinstated the account of Arlene Gurley, which had been written off in the preceding year as uncollectible. Journalized the receipt of $2,560 cash in full payment of Arlene’s account.
Apr. 3. Wrote off the $14,670 balance owed by Premier GS Co., which is bankrupt.
July 16. Received 25% of the $26,300 balance owed by Hayden Co., a bankrupt business, and wrote off the remainder as uncollectible.
Nov. 23. Reinstated the account of Harry Carr, which had been written off two years earlier as uncollectible. Recorded the receipt of $4,175 cash in full payment.
Dec. 31. Wrote off the following accounts as uncollectible (compound entry): Cavey Co., $11,035 ; Fogle Co., $3,275 ; Lake Furniture, $ 8,420 ; Melinda Shryer, $2,380.
Dec. 31. Based on an analysis of the $1,299,500 of accounts receivable, it was estimated that $56,500 will be uncollectible. Journalized the adjusting entry.
Required:
1. Record the January 1 credit balance of $53,800 in a T account presented below in requirement 2b for Allowance for Doubtful Accounts.
2. a. Journalize the transactions. If an amount box does not require an entry, leave it blank. Note: For the December 31 adjusting entry, assume the $1,299,500 balance in accounts receivable reflects the adjustments made during the year.
2. b. Post each entry that affects the following T accounts and determine the new balances:
3. Determine the expected net realizable value of the accounts receivable as of December 31 (after all of the adjustments and the adjusting entry).
$fill in the blank 73711efa1fe301a_1
2,290,000
4. Assuming that instead of basing the provision for uncollectible accounts on an analysis of receivables, the adjusting entry on December 31 had been based on an estimated expense of ½ of 1% of the sales of $8,020,000 for the year, determine the following:
a. Bad debt expense for the year.
b. Balance in the allowance account after the adjustment of December 31.
c. Expected net realizable value of the accounts receivable as of December 31 (after all of the adjustments and the adjusting entry).
Using the Allowance Method, the relevant transactions can be completed in the books of Wild Trout Gallery as follows:
1. Allowance for Doubtful Accounts
Accounts Debit Credit
Jan. 1 Beginning balance $53,800
Jan. 19 Accounts Receivable 2,560
Apr. 3 Accounts Receivable $14,670
July 16 Accounts Receivable 19,725
Nov. 23 Accounts Receivable 4,175
Dec. 31 Accounts Receivable 25,110
Dec. 31 Ending balance $56,500
Dec. 31 Bad Debts Expenses $55,470
Totals $116,005 $116,005
Accounts Receivable
Accounts Debit Credit
Jan. 1 Beginning balance $2,290,000
Jan. 19 Allowance for Doubtful 2,560
Jan. 19 Cash $2,560
Apr. 3 Allowance for Doubtful 14,670
July 16 Allowance for Doubtful 19,725
July 16 Cash 6,575
Nov. 23 Allowance for Doubtful 4,175
Nov. 23 Cash 4,175
Dec. 31 Allowance for Doubtful 25,110
Dec. 31 Sales Revenue 8,020,000
Dec. 31 Cash $8,944,420
Dec. 31 Ending balance $1,299,500
Totals $10,316,735 $10,316,735
3. Expected net realizable value of the accounts receivable as of December 31 = $1,243,000 ($1,299,500 - $56,500)
Allowance for Doubtful Accounts ending balance = $40,100 ($8,020,000 x 0.5%)
Allowance for Doubtful Accounts
Accounts Debit Credit
Jan. 1 Beginning balance $53,800
Jan. 19 Accounts Receivable 2,560
Apr. 3 Accounts Receivable $14,670
July 16 Accounts Receivable 19,725
Nov. 23 Accounts Receivable 4,175
Dec. 31 Accounts Receivable 25,110
Dec. 31 Ending balance $40,100
Dec. 31 Bad Debts Expenses $39,070
Totals $99,605 $99,605
4. a. Bad Debt Expense for the year = $39,070
4.b. Balance for Allowance Accounts = $40,100
4.c. Expected net realizable value of the accounts receivable = $1,259,400 ($1,299,500 - $40,100)
Data Analysis:
Jan. 19 Accounts Receivable $2,560 Allowance for Uncollectible Accounts $2,560
Jan. 19 Cash $2,560 Accounts Receivable $2,560
Apr. 3 Allowance for Uncollectible Accounts $14,670 Accounts Receivable $14,670
July 16 Cash $6,575 Allowance for Uncollectible Accounts $19,725 Accounts Receivable $26,300
Nov. 23 Accounts Receivable $4,175 Allowance for Uncollectible Accounts $4,175
Nov. 23 Cash $4,175 Accounts Receivable $4,175
Dec. 31 Allowance for Uncollectible Accounts $25,110 Accounts Receivable $25,110
Accounts Receivable ending balance = $1,299,500
Allowance for Uncollectible Accounts ending balance = $56,500
Learn more: https://brainly.com/question/22984282
f(x)=8x-5 when x=-1, x=2, and x=3
Evaluate
Answer:
-13, 11, 19
Step-by-step explanation:
You will plug in the numbers for x in each equation so you will have three equations:
1. 8(-1)-5
2. 8(2)-5
3. 8(3)-5
Solve these equations and you will get
1. -13
2. 11
3. 19
Plz help I need help
Answer:
proportional
Step-by-step explanation:
hope this helps
Let's try it! If we set these two ratios equal to each other and cross-multiply, the results should be the same if they are, in fact, proportional.
8/20 = 20/80
400 ? 640
400 and 640 are not the same number, so these ratios are not proportional.
Hope this helps!! :)
What is the distance from the point (-6, 2) to the point (2, 17)
19.21 units
15.13 units
17.00 units
19.10 units
20.62 units
Answer:
17
Step-by-step explanation:
sqrt((2-(-6))^2+(17-2)^2)
help me please please
Answer:
though the answers given don't make sense. the best given answer is A. angle 3 should be 113 instead of 103
6 is 15% of what number
Express the following quentitis as ratio 10k to 50k
Answer:
watch me whipzdudbbd iv ex
Tyson can type 49 words per minute. How long will it take him to type a 1000-word essay?
Answer:
20.4minutes
Step-by-step explanation:
Duration= Number of words/Typing speed
Duration= 1000/ 49 per min
= 20.4minutes
Hope this helped you- have a good day bro cya)
Find the value of x
(Please please please help me I will give you brainliest!)
Answer:
55
Step-by-step explanation:
rectangular triangle
180-(35+90)=55
Answer:
55
Step-by-step explanation:
I need help with this problem
Answer:
2x2x3x3 = 36
or
2^2*3^2 = 36
297,060 ÷ 0.0004839 =
Answer:
613,887,166.76999
Step-by-step explanation:
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bdbbdhd
Answer:
[tex]297,060 ÷ 0.0004839 =613887166.77[/tex]
PLEASE HELP ASAP I WILL GIVE BRAINLIEST AND 100pts!!!!!!!!!!!!!!!!!!!!!!!!!!
he following histogram shows the number of items sold at a grocery store at various prices:
Histogram titled Items Sold with Price Range on the x axis and Number of Items Sold on the y axis. Bar 1 is 0 to 2 dollars and 50 cents and has a height of 2. Bar 2 is 2 dollars and 51 cents to 5 dollars and has a height of 4. Bar 3 is 5 dollars and 1 cent to 7 dollars and 50 cents and has a height of 0. Bar 4 is 7 dollars and 51 cents to 10 dollars and has a height of 1.
Which of the following data sets is represented in the histogram?
{0.50, 2.00, 2.52, 3.37, 4.53, 5.00, 8.99}
{2, 4, 0, 1}
{2.50, 2.51, 5.00, 5.01, 7.50, 9.00, 10.00}
{0.50, 2.50, 2.50, 5.00, 5.00, 5.00, 7.51}
Answer:
will this help?
Answer:
A.
Step-by-step explanation:
A train travels at 100 miles per hour. Write an equation that compares the time (t) with the distance (d).
t = 100d
d = 100t
d = t + 100
t = d + 100
Answer: d = 100t
Hope this helps!
Answer:
d = 100 * t
Step-by-step explanation:
d
------------
S l t
distance = d
time = t
speed = 100miles/h
d = 100 * t
632 16/25 +32 3/10 answer in decimal
Answer:
664.94
Step-by-step explanation:
Give me brainlyest please
Answer:
664.94 is the answer to this question. I hope this helps.
oh god please help I have no idea what this is
Answer:
1. 10/7, 2/1, 1,5
2. 5/8 * 3/2
Step-by-step explanation:
(:
Answer:
Which part exactly.. Or which number exactly
How would I show my work for this?
Answer:
4x4 = 16 √16=4
Step-by-step explanation:
Answer:
sqrt (16)
= sqrt (4×4)
= 4
Step-by-step explanation:
brainliest plz
NO LINKS!!! Part 2:
[tex]y = \sqrt{x} [/tex]
Shape:
Domain:
Range:
Given:
A square toot function y = √x--------------------------------------------------------------------
Shape: half of a parabola
Domain: Non- negative numbers x∈ [0, +∞)
Range: Non- negative numbers y∈ [0, +∞)
3010 divided by .20 = ?
Answer:
15050
Step-by-step explanation:
Answer:
15050
Step-by-step explanation:
OT
The blueprint for Audrey's new room has a
scale that states every inch is actually equal
to 15 inches. If this blueprint shows the length
of her new room to be 3 inches, what will be
the actual length of her new room?
Answer:
I really need points
Good luck with your question tho
what is 160% of 80kg
Answer:
128kg
Step-by-step explanation:
I don't know how to explain it here the answer
Answer:
128
Step-by-step explanation:
160%=1.60
1.60*80=128
solve in step wise.
7. A fundraising group charges $0.25 per cookie and has a daily expense of $18. Which of the
following describes the steps that need to be taken, in order to calculate the daily profit,
when selling 49 cookies? Please just tell me how to answer it not the answer
Answer:
Look below
Step-by-step explanation:
To answer the question, you have to find out how much 49 sold cookies amounts to, so multiply 49 by however much it is per cookie.
Then, subtract the daily expense, $18, by the number you got from the total amount earned from the cookies sold, and that number would show the daily profit earned by selling 49 cookies.
Hope this helps :)
IF YOU ARE REALLY GOOD A MATH THEN PLEASE ANSWER THIS !!!
Your help will be much appreciated because i am losing my sanity doing this math
Hey there!
Let's take the number of cows in the field as 'c'.
Then, the number of horses in the field is = c + 2 [2 more horses than cows]
Total number of animals on the field = 16.
So, equation becomes...
c + c + 2 = 16
2c + 2 = 16
Hope it helps ya!
State if the triangle are congruent by sss sas asa aas or not congruent
what is the height if a painting is 1 centimeters and represents as 9 inches
Answer:
The height of the real painting is 36 inchesIF YOU ARE REALLY GOOD A MATH THEN PLEASE ANSWER THIS !!!
Your help will be much appreciated because i am losing my sanity doing this math
Answer:
55mph
Step-by-step explanation:
average speed=330/6=55mph
If the interest earned is $96.00 at a rate of 4% for 6 years, how much principal was invested? step by step equation please
work out the value of 5(x-y)
Answer:
5x - 5y
Step-by-step explanation:
Answer:
5x-5y or x=y.
Step-by-step explanation:
If 5(x-y) then we can distribute that, right?
then that turns into 5x-5y, lets say that equals zero, since there is no other information. Then 5x-5y=0 and wecould add 5y to both sides, getting 5x=5y
dividing 5x=5y/5 we get x=y.
48 cookies; 50% increase
Answer:
72
Step-by-step explanation:
48÷2= 24
48+24= 72
Hope this helps! :)
Answer:
its 72.00
Step-by-step explanation:
48.00 increased by 50% is 72.00
The increase is 24.00
Find the radius of the circle.
3(x – 5)^2 + 3(y + 9)^2 = 48
(?,?)
Answer: radius = 4
Step-by-step explanation:
The equation of circle is [tex](x - h)^{2} +(y - k)^{2} =r^{2}[/tex]
So [tex]3((x-5)^{2}+ (y+9)^{2} )=48[/tex]
[tex](x-5)^{2}+(y+9)^{2}=16[/tex]
So [tex]r^{2} = 16[/tex]
[tex]r=4[/tex]
Please give me a brainliest answer