Answer:
$11,000 increase
Explanation:
The net adjustment made to retained earning account is shown below:
= Revenue earned - expenses incurred - dividend paid
= $35,000 - $23,000 - $1,000
= $11,000 increase
At the time of closing entries, we closed the revenues, expenses, and the dividend account and the net adjustment is made to the retained earning account
<span>wanted independent control of their own affairs</span>
You can tell that the costumer is impatient and appears to be after what they are looking for.
<u><em>Capitalists want to make money . . . the best way to do that is to make businesses/production more profitable by increasing production to a large scale (i.e. industrialization)</em></u>
Answer:
Dr Bad Debt Expense $12,760
Cr Allowance for Doubtful Accounts $12,760
Explanation:
Based on the information given the adjusting journal entry that Tanning Company will make if the Allowance for Doubtful Accounts has a credit balance of the amount of $1,400 before adjustment will be :
Dr Bad Debt Expense $12,760
Cr Allowance for Doubtful Accounts $12,760
[(4%*$354,000)-$1,400]