Answer:
Fee Receivable$7,200
To Service Fees Earned $7,200
(Being the service fess earned is recorded)
Explanation:
Th adjusting entry is shown below:
Fee Receivable$7,200
To Service Fees Earned $7,200
(Being the service fess earned is recorded)
For recording this we debited the fees receivable as it increased the assets and credited the services fees earned as it increase the revenues
Since the payment is made for 6 months but we have to recorded for 4 months i.e computed from September 1 to December 31
= $10,800 × 4 months ÷ 6 months
= $7,200
payable = money owed by a company to its creditors
receivable = money owed to a company by its debtors.
Answer:
a. debit to bad Debt expense for $3,300
Explanation:
The Journal entry is shown below:-
Bad debt expenses Dr, $3,300
To Allowance for doubtful accounts $3,300
(Being bad debts expenses is recorded)
Therefore to record the bad debt for the period we simply debited the bad debt expenses as it increase the expenses and on the other hand we credited the allowance for doubtful accounts as decrease the assets.
So, the right answer is a. debit to bad Debt expense for $3,300 option.
Working Note:-
Bad debt expenses = Estimated uncollectible - Credit balance
= $4,500 - $1,200
= $3,300
To remain relevant in today’s e-commerce landscape, many businesses use progressive <u>mobile</u> applications to undertake m-commerce.
<h3>What is e-commerce?</h3>
It should be noted that e-commerce simply means the buying and selling of goods through the internet.
In this case, to remain relevant in today’s e-commerce landscape, many businesses use progressive mobile applications to undertake m-commerce.
Learn more about e-commerce on:
brainly.com/question/23369154
