What is the balance after adjustment

Assignment Help Accounting Basics
Reference no: EM132789891

Problem 1: Using the percentage of receivables method for recording bad debt expense, estimated uncollectible accounts are $51000. If the balance of the Allowance dor doubtful accounts is an $10200 debt before adjustment, what is the balance after adjustment?

Problem 2: A Corporation has a 90-day note that carries an annual interest rate of 8%. If the amount of the total interest on the note is equal to $300, then what is the principal of the note? 

Reference no: EM132789891

Questions Cloud

How much fee revenue is raised by the park : If a City has a public park and the annual demand for picnics at the city owned park isQD = 200 0 - 10P
Explain the effect of this error on the gross profit : A company reports under IFRS. Explain the effect of this error on the gross profit for the month of January 2019
Identify critical f-statistic and t-statistic : San Francisco Bread: Q is the dependent variable; price, competitor's price, advertising, and income are independent variables. After regressions are completed
Discuss the lingering colonial influences : Discuss the lingering colonial influences that continue to stifle economic development in the Caribbean
What is the balance after adjustment : If the balance of the Allowance dor doubtful accounts is an $10200 debt before adjustment, what is the balance after adjustment?
Calculate the price elasticity of demand : Daniella tutors English students. She finds that when she charges $5 per hour, students demand a total of 30 hours of tutoring per week.
How would advise abe to streamline the entries : How would you advise Abe to streamline these entries? Abe's Alarms leases a fleet of vehicles with separate payments for each vehicle.
Why is the ability to engage in systems thinking : Why is the ability to engage in systems thinking and contextualization important when it comes to addressing complex problems?
How much will be created in the form of deposits and loans : Suppose $5 million in new excess reserves appear in the banking system. How much will be created in the form of deposits and loans

Reviews

Write a Review

Accounting Basics Questions & Answers

  Find leyland realty should make the adjusting entry on july

Revenue was credited for the full $18,000. Financial statements will be prepared on July 31. Leyland Realty should make the adjusting entry on July 31

  Merliss companya specialty boat-accessory manufacturer is

merliss companya specialty boat-accessory manufacturer is expecting growth in sales of certain low price products.

  What is the total amount would have to spend

What is the total amount you would have to spend (assuming no scholarships or grants) to pay for the entire 4-year education?

  What is the income tax liability for purrfect pet

Purrfect Pet Industries' income before taxes is $800,000 and its tax rate is 40%. What is the income tax liability for Purrfect Pet?

  Evaluate the profit margin on sales ratio the return

digital relay has both preferred and common stock outstanding. the comshypany reported the following information for

  Compute the amount of donated capital

Compute the amount of donated capital that Marasigan Corporation would present on Dec. 31, 2018 statement of financial position.

  Calculate the the new common stock value

The company's reorganization value is $9,750,000. Assuming the reorganization plan qualifies for fresh start reporting, the new common stock will be valued at

  Journalize the revenue transaction

Grant Film Productions, Journalize the revenue transaction and indicate how recording this revenue in December would affect the current ratio.

  Create a run chart for the baseballs

Baseballs used in the major leagues in the United States must adhere to strict stan- dards. One such standard is that the circumference must be between 9 and 9.25 inches.

  What price per bond Suresafe be able to realize on sale

The bonds should provide a (nominal annual) return of 14 percent. What price per bond should Suresafe be able to realize on the sale

  Compute the labor price and quantity variances

Skysong Company's standard labor cost of producing one unit of Product DD is 3.90 hours at the rate of $10.00. Compute the labor price and quantity variances

  Prepare the Balance Sheet Statement of Ibis Hotel at July

Balance Sheet & Income Statement - Ibis Hotel initiated operations on July 1, 2019. Prepare the Balance Sheet Statement of Ibis Hotel at July 31, 2019

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