Find what the amount of expense to record is

Assignment Help Accounting Basics
Reference no: EM132675331

Problem 1: The credit balance in Allowance for Doubtful Accounts is $12,600 prior to the adjusting entries at the end of the period the accounts indicates that an allowance of $81,200 is needed. The amount of expense to record is:

Select one:

a. $61,380.
b. $62,000.
c. $68,200.
d. $68,600.

Reference no: EM132675331

Questions Cloud

Leading and directing to an engineer manager : How beneficial the knowledge in Leading and Directing to an engineer manager?
Success and effectiveness of implemented whs training : Explain 2 strategies to evaluate the success and effectiveness of implemented WHS training. Explain your view.
Structure of organizations and the role of the ceo : How has being accountable to the stock market influenced the structure of organizations and the role of the CEO?
Activity-implementation obstacles : Consider the following potential obstacles in consulting with stakeholders, and address each. Draw on examples you or others may have encountered within a workp
Find what the amount of expense to record is : The adjusting entries at the end of the period the accounts indicates that an allowance of $81,200 is needed. What the amount of expense to record is
The ideologies of american politics : Identify at least three effects on political ideologies that arise from the existence of only two major political parties in the U.S.
Discuss the usefulness of the eps measure in general : In 2020, Briefly discuss the usefulness of the EPS measure in general. What is the additional importance of reporting diluted EPS?
Promote a healthily living campaign in a rural area : What are the most effective social media platforms to promote a healthily living campaign in a rural area?
Public Budget Cycle : Develop a four- to five-page paper in which you analyze the Public Budget Cycle in a government agency of your choice.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd