User Account

All Pages

Write off an account balance owed by asha

Assignment Help Accounting Basics
Reference no: EM133172050

Question - Tinder, a dating website based on matching horoscopes charges its users a monthly fee, they use the Allowance for Doubtful Accounts method to write off accounts. Please record the following transactions:

a. Establish an AFDA balance of $15,000.

b. Write off an account balance of $2,500 owed by Asha.

c. Receipt of $1,250 from Asha that was previously written off.

Reference no: EM133172050

Questions Cloud

Enormous and memorable impact on you as leader : Name a person who has had an enormous and memorable impact on you as a leader? What does self-awareness have to do with leadership?
Calculate the net single premium : Assume that mortality follows the Standard Select Life Table, with UDD between integer ages, Calculate the net single premium
How will each of the three pillars-servant leadership : How will each of the Three Pillars-servant leadership, ethics, and entrepreneurism- be integrated and impact your business practice in the future?
Interviewing healthcare leader in healthcare organization : Pretend that you are interviewing a healthcare leader in a healthcare organization.
Write off an account balance owed by asha : Tinder, a dating website based on matching horoscopes charges its users a monthly fee, Write off an account balance of $2,500 owed by Asha
Should gray make the gift of the land to charity : Gray projects taxable income of $1,000,000 for 2020 and $1,200,000 for 2021. Should Gray make the gift of the land to charity in 2020 or in 2021
Prepare the journal entries to record this transaction : Prepare the journal entries to record this transaction in accordance with AASB 15 "Revenue from Contracts with Customers" for the 1 July 2019
How hedonism can explain some motivated behaviors : Discuss how hedonism can explain some motivated behaviors. Identify and describe the characteristics of molar behavior.
Increased application resubmission : The system and procedures for issuing lines of credit to customers is leading to increased application resubmission.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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