Prepare the journal entry to record the adjustment

Assignment Help Accounting Basics
Reference no: EM133013784

Problem - During the ?nancial year ending 30 June 20x5 there were no bad debt write offs. As a result Aubergine Ltd reviewed all their percentages which are applied in the aged receivables method. Consequently the balance of the Allowance for Doubtful Debts at the 30 June 20x5 was calculated to be $2,270. Prepare the journal entry to record the adjustment to the Allowance for Doubtful Debts account required at the 30 June 20x5.

Reference no: EM133013784

Questions Cloud

Define ethics as it applies to hrm : Sunrise Academy, a privately run technical college, has been operating now for four successful years. Executive Director Ron Phillips is responsible for oversee
What is the residual income : Question - Given - Corporate ROI = 30%, Investments = $7,000,000, Required Rate of Return = 14%. What is the Residual Income
Diversity in the workforce : Discuss ways in which ideas and information can be captured from the diversity in the workforce. What sort of ideas and information can be gained?
Identify the relevant value quadrant and values : You are the Director of an NGO responsible for helping the poor, the unemployed and those who are struggling with COVID19. Your organization distributes food pa
Prepare the journal entry to record the adjustment : Prepare the journal entry to record the adjustment to the Allowance for Doubtful Debts account required at the 30 June 20x5
How elbow flexion closes the capitulum-radial joint : Demonstrate how elbow flexion closes the capitulum-radial joint and distorts the proximal forearm and distal humerus.
Discuss the three most common work-related stressors : Discuss the three most common work-related stressors that you learn in this course and how, they can be managed? Use a specific example from the South Pacific c
How does a health record serve as a legal document : You are the director of health information at a large medical center that offers inpatient, outpatient, and emergency care at several sites in one state.
Explain three ways to manage employees emotions : Assuming you are the fishing master of a purse seine fishing vessel based in Tuvalu. Life at sea and the work is tough, little rest, aggressive foreign ship's m

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