Corportation recorded sales revenue
Shake's corportation recorded sales revenue during the year of $400,000, of this $150,000 was credit. An average loss of 2% is usually experienced on credit sales. Give the adjusting journal entry at the end of the year to record bad debt expense.
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Shake's corportation recorded sales revenue during the year of $400,000, of this $150,000 was credit. An average loss of 2% is usually experienced on credit sales.
Mark Malone, Pete Patton, and Sally Spencer formed a partnership on January 1, 2008. Their original capital investments (all cash) were $140,000, $160,000, and $100,000, respectively.
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A company has a process that results in 15,000 pounds of Product X that can be sold for $8 per pound. An alternative would be to process Product X further at a cost of $100,000.
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