A company uses the percent of sales method to determine its…

A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company’s unadjusted trial balance reported the following selected amounts:Accounts receivable $375,000 debitAllowance for uncollectible accounts 500 debitNet Sales 800,000 creditAll sales are made on credit. Based on past experience, the company estimates 0.6% of net credit sales to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?

  QUESTION 4   Simone hat viel zu tun. Lies ihre Li…

  QUESTION 4   Simone hat viel zu tun. Lies ihre Liste. Was kauft sie? Wähle die richtige Antwort. (Simone has a lot to do. Read her list. What does she buy? Choose the correct answer.)   Beispiel: Ich gehe auf die Post. Antwort: Briefmarken             4.1 Ich gehe zum Sportgeschäft. [ans1] (1)   4.2 Ich gehe zum Modegeschäft. [ans2] (1)   4.3 Ich gehe zur Apotheke. [ans3] (1)   4.4 Ich gehe zur Konditorei. [ans4] (1)

Calculate the Total Asset Turnover ratio as of 12/31/19 = Sc…

Calculate the Total Asset Turnover ratio as of 12/31/19 = Schematic below shows the basic formula for your aide                    ________________ / ( ______ + _______ / 2) = ___________________ HINT: Bracketed part of formula is an average of a particular asset.  “Turnover” is Europe is commonly used in reference to revenues.

  QUESTION 9 Grammatik   Wähl die richtige Form des…

  QUESTION 9 Grammatik   Wähl die richtige Form des Verbs.       Beispiel: Ich bin in Südafrika geboren. (sein)       9.1 Was [ans1] du da in deiner Tasche? (haben) (1)   9.2 Wir [ans2] freundliche Leute. (sein) (1)   9.3 Ihr [ans3] regelmäßig am Wochenende Fußball. (spielen) (1)   9.4 Ich [ans4] einen schönen roten Hut. (haben) (1)   9.5 Sie [ans5] sehr fleißig in der Schule. (sein) (1)   9.6 Die Frau [ans6] jeden Tag Zeitschriften. (lesen) (1)   9.7 Er [ans7] schnell den Apfel um ihn zu essen. (nehmen) (1)