Equipment cost $90,000 and has accumulated depreciation of $70,000 is sold for $12,000. The journal entry would include a
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A company uses the direct method for accounting for bad debt…
A company uses the direct method for accounting for bad debt expense. When the company determines that a customer will not pay their balance, what is the journal entry they make?
An aging of KEB company’s accounts receivable indicates that…
An aging of KEB company’s accounts receivable indicates that $3,000 are estimated to be uncollectible. The Allowance for Doubtful Accounts has a $800 debit balance before adjustment. What is the adjusting entry?
EmVP Inc. reported net sales of $500,000, cost of goods sold…
EmVP Inc. reported net sales of $500,000, cost of goods sold of $250,000, and accounts receivable of $40,000 and $80,000 at the beginning and end of the year, respectively. What is the average collection period?
Leon Company noted the following during it’s April 30 bank r…
Leon Company noted the following during it’s April 30 bank reconciliation: Cash balance per books was $4,200. Outstanding checks totaled $500. Interest earned totaled $30. A check from one of Leon’s customers in the amount of $80 was returned as NSF. What is Leon’s adjusted book balance?
CTB Company received a two-month, 9%, $9,000 note in exchang…
CTB Company received a two-month, 9%, $9,000 note in exchange for Emma Kelly’s outstanding accounts receivable. The entry by CTB Company would include a:
Which of the following factors are examples of reservoirs in…
Which of the following factors are examples of reservoirs in the chain of infection? (Select all that apply).
False fingernails, long natural nails, nail polish and jewel…
False fingernails, long natural nails, nail polish and jewelry have been documented to:
The nurse must perform hand washing rather than using alcoho…
The nurse must perform hand washing rather than using alcohol based hand cleanser alone in which of the following situations?
What is the first step when opening a sterile glove package…
What is the first step when opening a sterile glove package using the open gloving technique?