What is bad debt expense?

1086

The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2

2377

Define the role of api server?

965

Explain what’s a signal? Explain what do I use signals for?

1169

Explain heat of combustion?

1038

What are the different ways in which we can secure the websites hosted on tomcat server?

879

What is a spooler on a computer?

1078

What is Apache Hive?

833

Is pega on demand?

484

Who is the chairman od atomic energy commission of india?

1179

You can use audience targeting to show your ads to?

261

In the banking scenario, what are the essential needs of the banking industry?

1192

Does windows 10 home include word and excel?

899

What is object diagram in UML?

1037

What is difference between dao and service?

1