Sales in 2015 1400000 at December 31,2015, before adjusting entire account receivable 250000debit allowance for doubt full account 2400 credit 2% net sales will prove uncollectible, prepare the December 31,2015, journal entry to record bad debt expense.

Answers

Answer 1

Answer:

Dr Bad Debt Expense $28,000

Cr Allowance for Doubtful Accounts $28,000

Explanation:

Preparation of the December 31,2015, journal entry to record bad debt expense.

Based on the information given the December 31,2015, journal entry to record bad debt expense will be :

Dr Bad Debt Expense $28,000

Cr Allowance for Doubtful Accounts $28,000

($1,400,000 *2%)

(To record bad debt expense)


Related Questions

Why did President Trump feel that more aggressive trade policies with China were necessary?

Answers

Answer:

President Donald Trump is leading one of the most radical changes in America’s stance toward China in decades.Where past presidents engaged Beijing in good faith on issues like improving its human rights record or its conduct in cyberspace, Trump has preferred to treat the country as a strategic competitor that requires a more aggressive response by the United States.

The US has a lot to be angry about. Among other indiscretions, Beijing has stolen US technological and personnel secrets for its own advantage, antagonized US allies in the South China Sea, killed or imprisoned more than a dozen American informants, and taken millions of US jobs over the past 15 years.

But instead of working to fix at least some elements of strained US-China relations while putting up with the bulk of China’s misbehavior, Trump has chosen to completely reshape the relationship and go after Beijing on all of it.

“This administration is not really focused on just a couple of things,” says Bonnie Glaser, a China expert at the Center for Strategic and International Studies think tank in Washington, “it’s really focused on everything.”

Explanation:

Hope it helps

Credit card companies charge
on any purchases you have not paid off that month.

Answers

as far as I know yes
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Yess they do I have a credit card the only thing u need to do is to not leave your account on negative and keep putting money in it because if it’s under 10$ and you don’t put more you will be charged 35 the next day so when you put money back they will take your money, let me be honest debit cards eats your money it’s better to get credit

You have three electricians. Electrician #1 works 20 hours and installs 30 lights. Electrician #2 works 30 hours and installs 35 lights. Electrician #3 works 40 hours and installs 40 lights. Which electrician is the most efficient in installing lights?

Answers

Answer:

electricians 1

Explanation:

This covers both the installation of new electrical systems and the modification of existing ones. These include installing new lighting fixtures, so a licensed contractor is required.

What is the role of electricians in installing lights?

To ensure that the light fixture will stay in place, they must make sure that it is securely fastened to the wall or ceiling.

In order for the light fixture to have the electricity it needs to function, they will also need to connect the electrical wiring to it.

Unless you have prior electrical experience, you should always hire a licensed electrician for any electrical installation, including installing a light fixture.

Therefore, Electrician #1 works 20 hours and installs 30 lights. Electrician is the most efficient in installing lights.

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The House manufacturers two different skateboard models. The company produces products using standardized production runs. The company does very little product customization. The House uses what type of technology structure? Question 10 options: Service production Mass production Large-batch production Small-batch production Continuous process production

Answers

Answer: Mass production

Explanation:

Since the products produced by the company uses standardized production runs and very little product customization, the type of technology structure used is mass production.

Mass production refers to production of of large quantities of products which are standardized usually by using automation technology or assembly lines. Mass production brings about the efficient production of a huge amount of similar products.

2. What types of things does a hospitality manager do?
3. What courses or information would be helpful for a hospitality manager?
please help

Answers

Answer:

2. What is a hospitality manager?

In general, hospitality managers oversee the day to day operations of a hotel or restaurant, which includes managing personnel, ensuring guest satisfaction, and following the appropriate steps to ensure that the facilities are well-maintained. Hospitality managers are also required to oversee the upkeep of financial and administrative records.

3. First, find a good mentor

second Be selective in your hiring

third Focus on leadership, not management

fourth Communicate, communicate, communicate

fifth Listen to your guests

sixth Keep learning

Explanation:

Hope this helps...

Which method of payment actually is a form of borrowing money that
needs to be paid back later?*
5 points
O a. Cash
b. Credit Card
O c. Debit Card
O d. Check

Answers

Answer:

B. Credit Card

Explanation:

hope this helped

A firewall can help to prevent which type of security breach?
A) Shoplifting
B) Embezzlement
C) Cybercrime
D) Theft of company computers

Answers

Answer:

C, Cybercrime

Explanation:

A firewall helps organizations across the globe prevent data breaches and hacking.

A firewall can help to prevent Cybercrime. Hence, option C is appropriate.

What is the meaning of Cybercrime?

A crime involving a computer or computer network is referred to as cybercrime. Either the computer was the intended target or it was used in the crime. Someone's security or finances may be compromised through cybercrime.

Criminal action that uses or targets a computer, a computer network, or a networked device is known as cybercrime. The majority of cybercrime is conducted by hackers or cybercriminals who are after financial gain. However, there are times when cybercrime tries to harm systems or networks for factors other than financial gain.

Cybercrime, often known as computer crime, is the use of a computer to advance illicit activities like fraud and other intellectual property, identity theft, and privacy violations. Cybercriminals are either single people or groups of people who utilize technology to carry out illegal acts.

Hence, option C is correct.

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Henry wrote 24 checks in April. The bank charges $0.15 a check.
The monthly service charge for the checking account is $5. What
is the total of the fees Henry pays in April on his checking
account?

Answers

Answer: $8.60

Explanation:

Since Henry wrote 24 checks in April and the bank charges $0.15 a check, the amount paid on the check will be:

= 24 × $0.15

= $3.60

Furthermore, since the monthly service charge for the checking account is $5, the total of the fees Henry pays in April on his checking account will be:

= $5 + $3.60

= $8.60

Therefore, the total amount that Henry will pay will be $8.60.

2. Which of the following is an example of an operative employee? A. Regional manager B. Head coach C. Chairman of the board D. Assembly line worker C​

Answers

D. Assembly line worker

An example of an operative employee is an assembly line worker.

The following information should be relevant:

Operating employees are those employees who generate the products & services directly for an organization.Also, it does not supervise the work of others. So, the option a, b, and c are incorrect.

Therefore we can conclude that an example of an operative employee is an assembly line worker.

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help!!
list 5 importance of freedom​

Answers

Answer:

people can do what they want (with limitations)

people can say what they want (with limitations)

people can believe in what they want

and thats all ive got. good luck on the last two tho

Jacob was assigned recently to a large team working on a major software release that was taking longer than expected. Jacob and the other latecomers into the project spent a month partnered with a senior programmer who went over the project in detail with them and got them up to speed. Unfortunately, this training put the project even farther behind schedule. After a few months of working on the project with many other programmers, Jacob's work output becomes noticeably lower than it was before when he was working independently. Jacob's reduced work output is most likely due to

Answers

Answer:

A) social loafing.

Explanation:

social loafing is the event of a person exerting lower effort to accomplish the goal at the time when they work in a group rather working alone. It would be the important reasons for less productivity as compared with the combined performance that works as an individuals

So according to the given situation, Jacob reduce work output due to social loafing

Social loafing is the psychological phenomenon in which team members do less work in a group context.

How do you handle social loafing?

One of the most effective ways to decrease the possibility of social loafing is to form smaller groups or teams. Make it easy to see and support team members' work.

Smaller groups also allow people to create relationships and form a coherent entity, all of which motivate people to contribute.

Thus Option A is the reason for Jacob’s reduced work output.

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A master franchisee, in addition to having the right to open and operate a specific number of locations in a particular area, also has the right to ________. Group of answer choices stop making royalty payments if its sales decline offer and sell the franchise to other people in its area use its own operating manuals to run its franchise outlets stop making royalty payments if it is losing money sell products made by companies other than the franchisor

Answers

Answer: Use its own operating manuals to run its franchise outlets stop making royalty payments if it is losing money

Explanation:

A franchisee is a business owner who runs a franchise. The franchisee has some rights to carry out some activities. Some of those activities include using his own ideas to run the franchise although he still has to follow the original blueprint the franchise runs on.

Also, when things begin to get bad and there is a drastic reduction in sales he can slow down remitting money to the franchisor.

Contemporary manufacturing is characterized by a. production facilities that are generally located as close as possible to the sites of raw material production. b. strong unions and localized involvement in all facets of the production process. c. spatial disaggregation of the production process. d. reliance on highly skilled labor at all phases of the production process. e. production facilities located close to railroads.

Answers

Answer:

Spatial disaggregation of the production process

Explanation:

Manufacturing is said to have dominated nonagricultural employment in 1950 about 45 percent while Growth is said to take off in the 1960s.

manufacturing increase due ot

1.Large labor pool released from agriculture

absence of unions

State Development Board- tax incentives, technical training

Interstate completion- upgrade airports and ports

Improved race relations, mild climate, relaxed lifestyle, recreation, less congested

Contemporary manufacturing is characterized by spatial disaggregation of the production process. Hence, Option (C) is correct.

This means that different stages of production are often dispersed across various locations, both domestically and globally.

There are several reasons for this trend.

First, advancements in transportation and communication technologies have made it easier to coordinate and manage production activities across different locations.

Second, globalization and the pursuit of cost efficiency have led companies to source raw materials, components, and labor from different regions to take advantage of lower costs and specialized expertise.

Third, spatial disaggregation allows for better risk management and resilience by diversifying production locations and reducing dependency on a single site.

Thus, this approach enables companies to optimize their supply chains, access specialized resources, and respond quickly to changing market demands.

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What does it mean to short, or sell short a stock

Answers

Answer:

One way to make money on stocks for which the price is falling is called short selling (or going short). Short selling is a fairly simple concept—an investor borrows a stock, sells the stock, and then buys the stock back to return it to the lender. Short sellers are betting that the stock they sell will drop in price.

Explanation:

Hope it helps

If each piece of a 10 piece puzzle had a word that represented you on it, what 10 words would we see?

Answers

Answer: brave,strong, funny, short, smart, unique, beautiful, amusing, pretty

Explanation:

In Lurnee, it takes 10 resources to produce 1 ton of cocoa and 13.5 resources to produce 1 ton of rice. In South Tyberg, it takes 40 resources to produce 1 ton of cocoa and 20 resources to produce 1 ton of rice. Lurnee has a comparative advantage over South Tyberg in cocoa. This follows the theory of comparative advantage, and we can say that engaging in free trade benefits all countries that participate in it; however, this conclusion stems from which of these inaccurate assumptions?

Answers

Answer:

We have assumed constant returns to scale

Explanation:

From the principle of comparative advantage which states that a nation should produce the goods where she has a lower opportunity cost than other nations.

From the question, it is inaccurate to assume a constant return to scale i.e an increase in inputs such as labor and capital as a factor of production will to an exact amount of increase in output.

The placement of Starbucks cafés within Barnes & Noble bookstores has proven to be a successful strategic alliance because both companies benefit from this arrangement. As a global marketing strategy, an important characteristic of a strategic alliance is

A. the complete immersion of employees assigned to the alliance, eventually forming a separate company.
B. separation of company policies, procedures, and production, but unified financial accountability.
C. it must be a long-term venture of 10 or more years.
D. participant companies do not share costs or profits.

Answers

Answer:

D. participant companies do not share costs or profits.

Explanation:

A strategic alliance is the business relation that would be between two or more companies in order to accomplish their individual goals and objectives. In this, the companies would be work independently so that no one could interfere. The motive to create this is to gain a competitive advantage

So according to the given situation, the option d is correct

And, the rest of the options would be incorrect

Interest earned on a savings account is _____.

Answers

Explanation:

Interest earned on a savings account is everfi

Phil works at a wholesaler that specializes in organic, grass-fed beef. Resellers wanting to purchase from Phil's organization have few options to choose from because its beef products tend not to vary. Phil most likely works for a __________________. a. rack jobber b. specialty-line wholesaler c. general-merchandise wholesaler d. limited-service wholesaler e. limited-line wholesaler

Answers

Answer:

b. specialty-line wholesaler

Explanation:

Specialty line wholesalers are the wholesalers that keep specialized products and deal in them. They do not keep diverse products. The limited products are sold and bought in wholesale. The range of products are very narrow. For instance, when a wholesaler deals with products specialized in dairy products, it stands as an example of being a specialty-line wholesaler.  

In the given situation, Phil works in a wholesaler that deals with the specialized product off organic, grass-fed beef. Therefore the wholesaler stands to be a specialty-line wholesaler.

Which of the following best helps a company move toward achieving its
vision and mission?
A. Goals and objectives
B. Competitors and stakeholders
C. Activist investors
D. Corporate social responsibility

Answers

Answer:

A. Goals and objectives

Explanation:

Setting Goals and objectives sets you in a position to succeed. Doing this makes you organized and ready to face any challenges that you might face in order to achieve thos goals.

. To reduce the effects of headlights glare at night you should look:
a. straight ahead
b. over your shoulder
C. at the center of the road
d. to the right edge of the road ​

Answers

Answer d

Explanation Aceable

Answer:

look to the right

Explanation:

Why is inflation considered an economic problem? please refrain from irrelevant answers.

Answers

Answer: it is an economic problem because it is the devaluation of currency. Meaning that money is worth less than what it was before. (prices will go up

but wages will stay the same)

Explanation:

PLEASE QUICK (will give Brainliest)
Which questions should Robert ask himself before investing the $10,000 he inherited? Select four options.

How am I protected as an investor?
Are my friends investing in a similar way?
What guarantees are in place so I make money?
What taxes will I have to pay on this investment?
How do the risks compare to the potential gains?
What are the chances that the investment will fail?

(only 4 options)

Answers

Answer:

the answers are 3,4,5,6

What guarantees are in place so I make money?, What taxes will I have to pay on this investment?, How do the risks compare to the potential gains? and What are the chances that the investment will fail? are the questions should Robert ask himself before investing the $10,000 he inherited. Hence, option C, D, E and F are correct.

What is investing?

Investing is the practice of buying assets that increase in value over time and provide returns in the form of income checks or capital gains. Investment can also be used more broadly to refer to spending time or resources to improving your own or others' life.

To invest, you put money into a fund or account with the goal of making a profit. Investing may result in larger returns over time (which may also involve more risk). Because of this, some individuals use investing to fulfill long-term goals like retirement.

Any strategy that generates prospective future income can be referred to as an investment. Purchasing securities like bonds, stocks, or real estate is one example of this.

Thus, option C, D, E and F are correct.

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what is integrity
A.the attitude that you are better than others
B.The belief in your own ability to do well
C.The ability to come up with new plans or ideas
D.The practice of using ethical behavior

Answers

Answer:

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What is integrity

[tex]\color{Blue}\huge\boxed{Answer} [/tex]

C.The ability to come up with new plans or ideas

What led to the success of whopper

Answers

Answer:

What makes this burger unique is not just its size, but the fact that Burger King flame-grills their hamburger patties, which gives you that recognizable, grilled flavor. Burger King introduced the Whopper in 1957,

Hope this helps!

Yours Truely, TheAnimeCatUwU

On March 1, Sara, a student, received a telephone call from ComputerChip, Inc. offering her a job for one year beginning on June 15, after completion of the school year. According to the personnel manager, she will have to move to California and be ready to start work at 8:00 a.m. on June 15. Should Sara ask for a letter confirming the telephone conversation if she accepts the offer immediately

Answers

Answer:

Yes, because the job offer is for longer than one year from March 1

Explanation:

Since in the question it is mentioned that Sara who is a student have offered a job on March 1 that begins on June 15 and she have to move to california for the job. So here the Sara  would ask the letter in the case when she accepted the offer immediately as the job offer would be more than one year i.e. from March 1

Therefore the above represent the answer

How can we apply accounting and bookkeeping in our daily lives?

Answers

Draw up a monthly budget. A monthly budget can do wonders for managing your month-to-month living expenses

A 60-day note receivable dated June 17 has a maturity date of

Answers

Answer:

the maturity date is August 12

Explanation:

The computation of the maturity date of 60 day note receivable dated on June 17 is as follows

Here we have to determine the 60 days from June 17

So in June, the remaining days left would be = (30 - 17) = 13

31 days in July

And, the rest of the days i.e. 12 days in August

So, the maturity date is August 12

Hence, the same would be considered

and, the same is relevant

You drink 19 beers to celebrate the end of your risk management and insurance class, then have an accident while driving home from the bar. The police charge you with drunk driving, and with hitting another automobile from behind. What will your automobile insurer do when you file a claim for the damage to your car, and, what will it do when the injured people in the other car file claims to have their bodily injuries paid for

Answers

Answer: The insurer will pay for claims that was insured for or that which the insurance package covers.

Explanation:

Insurance could be described simply as a cover for damages done either in the present or future to be able to curb losses. Insurance companies offer various packages or insurance covers to the client, ranging from house, to cars and other various insurance cover. The insurance company will pay the claim for the accidents but this would be based on the particular claim that was insured for because the Insurance company won't pay for claim that wasn't insured, it would be a loss on their side

The critical elements of internal control systems for cash disbursements include each of the following except: Multiple Choice The same person that prepares the check should also record it in the proper journal. All of these answer choices are critical elements of internal control systems for cash disbursements. All disbursements, other than very small disbursements, should be made by check. Only authorized personnel should sign checks. All expenditures should be authorized before a check is prepared.

Answers

Answer:

The critical elements of internal control systems for cash disbursements include each of the following except:

The same person that prepares the check should also record it in the proper journal.

All of these answer choices are critical elements of internal control systems for cash disbursements.

Explanation:

When the person, who signs the check, records it in the journal, there is a violation of the control principle of segregation of duties, which is a principal element of internal control systems.  Therefore, all the answer choices are not critical elements of the internal control systems for cash disbursement.

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