Accounting assistance please?
I can not figure out this answer at adjectives, please helpABC company uses the estimate of sale method of accounting for uncollectible accounts. ABC estimates that 3% of all credit sale will be uncollectible. On January 1, 2005, the Allowance for Doubtful Accounts had a credit symmetry of $2,400. During 2005, ABC wrote-off accounts receivable totaling $1,800 and made credit sales of $100,000. After the adjust entry, the December 31, 2005, balance surrounded by the Uncollectible Accounts Expense would be
Thanks a bunch
Answers: After the adjusting entry, the December 31, 2005, set off in the Uncollectible Accounts Expense would be $3,000.
The attached sermon is very apposite for this topic. Scroll down to percentage of credit sales method.
You will obligation to figure how much ABC used as the allowance for doubtful accounts for 2005. Since they speak 3% of all accounts will not be collected and they have sales of $100,000 within 2005, they will allow $3,000 for the doubtful accounts.
Now, Allowance for Doubtful accounts is a Contra-Asset account, which mode that it will deduct from the total of the receivable due.
The Allowance for Doubtful accounts depiction had a credit symmetry of $2,400 at the beginning of 2005. At the cease of 2005, they credit the account for $3,000 (3% of $100,000), bring the total of the tale to $5,400.
They wrote off $1,800..which debit the Allowance for Doubtful accounts account.
The stability as of December 31 would be $5,400 minus $1,800 or $3,600.
Does the Game Industry contained by the US hire from out of the country?
what are the chances of a hobby designer who has released 1 spectator sport (in Asia- and the 1st in that country) one hired in the US? Would a spectator sport designing company go through the trouble to procure a visa for that person?Answers: Of course. But the problem next to that statement is there is profoundly more cost involved in commerce and marketing console games. There are few, if any, small independent designers who can compete in that souk. They have to rely on cheaper distribution methods (i.e. download via the internet).
Also, using the dollars spent on activity design is misleading, since the big game designers pour a LOT more money into respectively game than the small team game designers. If you look at the games in nouns, and I am referring more to the MMORPG market, the majority of them are from smaller team game designers (although there is a growing number on the American bazaar from Asian game designers). They would be glad to arrange visa for such soul.
Yes because company need productive labor to stay contained by business and am sure they will to the necessary for the entity
Has anybody hear of astar holidays?
i had a phone from astar holidays telling me self been elected for a twelve day hol for 4 within florida and bahamas hotels and food all included as is saloon hire all i wage for is flights chosen by me and registration fee of 60pound per personage is this to good to be trueAnswers: Take a look at what is said at ripoff report http://www.ripoffreport.com/reports/0/27...
If it sounds too dutiful to be true it very plausible is