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The Accounts receivable balance for D &L Inc. at December 31, 2020, was $18,000. During 2020, D &L had the following transactions:
Sales revenue on account, $547,000 (ignore cost of goods sold). Collections on account, $450,000. Write-offs of uncollectible, $6,900. Uncollectible account expense, 3% of credit sales.
Problem 1: D & L uses the percentage of Sales Method to account for its' uncollectible, journalize the entry to record bad debts.
Prepare journal entries to record depreciation for a) the one-half year prior to the sale, and b) to record the sale of the machine.
you buy a 6 year 8 cd for 1000. interest is compounded annually. how much is it worth at
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The following department data are avalable :Total materials costs $ 120000 equivalent units of materials 60000 total conversion costs $ 70000 Equivalent units of conversion costs 30000 what is the total manufacturing cost per unit?
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