You have new items in your feed. Click to view.
Question and answer
Question not found
Ask a question
Not a good answer? Get an answer now. (Free)
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
A newly created design business called Smart Art is just finishing up its first year of operations. During the year, there were credit sales of $40,000 and collections of $36,000. One account for $650 was written off. Smart Art uses the aging - of - accounts method to account for uncollectible account expense, and has calculated an amount of $200 as their estimate of uncollectible amounts at year - end. At the end of the year, what is the ending balance in Accounts ...
Weegy: The answer is A) $36,000. User: On January 1, 2012, Portwell Company purchased a patent for $200,000. They estimate a useful life of 4 years. What entry is needed at the end of the first year? 76) A) Loss on patents 50,000 Patents 50,000 B) Amortization expense - patents 50,000 Accumulated amortization 50,000 C) Amortization expense - patents 50,000 Patents 50,000 D) Patents 50,000 Amortization expense - patents 50,000 Weegy: The answer is B) Amortization expense - patents 50,000 Accumulated amortization 50,000. User: Which of the following is NOT considered a plant asset? A) Copyright B) Equipment C) Land D) Building Weegy: A) Copyright is NOT considered a plant asset. (More)
Question
Expert Answered
Asked 4/17/2013 6:16:47 PM
0 Answers/Comments
The bank recorded a $2,000 deposit as $200. How would this information be included on the bank reconciliation? A) An addition on the bank side B) An addition on the book side C) A deduction on the bank side D) A deduction on the book side
Weegy: The bank recorded a $2,000 deposit as $200. How would this information be included on the bank reconciliation? A) An addition on the bank side User: A newly created design business called Smart Art is just finishing up its first year of operations. During the year, there were credit sales of $40,000 and collections of $36,000. One account for $650 was written off. Smart Art uses the aging - of - accounts method to account for uncollectible account expense, and has calculated an amount of $200 as their estimate of uncollectible amounts at year - end. At the end of the year, what is the ending balance in Accounts receivable? A) $36,000 B) $3,350 C) $4,000 D) $39,350 (More)
Question
Expert Answered
Asked 4/17/2013 6:04:30 PM
0 Answers/Comments
74) Albatross Services scrapped a van. The van originally cost $40,000, had an estimated salvage value of zero, and an estimated life of 10 years. At the time it was scrapped, it had accumulated depreciation of $40,000. What was the effect of scrapping the van? A) Gain of $2,000 B) Loss of $1,000 C) No gain or loss D) Loss of $2,000
Weegy: The answer is C) No gain or loss. The facts showed that the van's salvaged value is zero and the life span of the van is 10 years. With that, it means that the van was able to function within properly within its functional years. (More)
Question
Expert Answered
Asked 4/17/2013 6:28:44 PM
0 Answers/Comments
On September 1, 2012, Algernon Company sold a truck for $15,000 cash. The truck was originally purchased for $40,000, had an estimated salvage value of $4,000 and an estimated life of 6 years. Algernon had recorded depreciation of $30,000 through the end of 2011 using the straight - line method. Algernon had to update the depreciation prior to sale. After updating the depreciation, how much was the total accumulated depreciation on the truck? A) $36,000 B) $34,250 C) $34,000 D) $34,440
Weegy: hello. please rephrase your question in a more understandable manner. thanks. User: 71) Kelly Petroleum Products owns fully depreciated furniture that was purchased for $26,500. The furniture had an estimated useful life of 8 years and an estimated residual value of $2,500. The furniture was sold for $2,700. Which of the following is the correct entry to record the transaction? 71) A) Furniture 2,000 Cash 2,700 Loss on sale 19,300 Accumulated depreciation 24,000 B) Accumulated depreciation 24,000 Cash 2,700 Gain on sale 200 Furniture 26,500 C) Accumulated depreciation 26,500 Cash 2,70 0 Gain on sale 2,700 Furniture 26,500 D) Furniture 26,500 Gain on sale 200 Cash 2,700 Accumulated depreciation 24,000 Weegy: The answer for the question re: 71) Kelly Petroleum Products... is D. D) Furniture 26,500 Gain on sale 200 Cash 2,700 Accumulated depreciation 24,000. User: Kelly Petroleum Products owns furniture that was purchased for $19,600. Accumulated depreciation is $17,300. The furniture was sold for $3,800. Which of the following is the correct entry to record the transaction? 70) A) Furniture 19,600 Cash 2,700 Gain on sale 5,000 Accumulated depreciation 17,300 B) Accumulated depreciation 17,300 Cash 3,800 Furniture 31,100 C) Accumulated depreciation 17,300 Cash 3,800 Gain on sale 1,500 Furniture 19,600 D) Furniture 19,600 Gain on sale 3,800 Cash 2,700 Accumulated depreciation 17,300 Weegy: The answer is letter D. D) Furniture 26,500 Gain on sale 200 Cash 2,700 Accumulated depreciation 24,000 User: Kelly Petroleum Products owns furniture that was purchased for $19,600. Accumulated depreciation is $17,300. The furniture was sold for $3,800. Which of the following is the correct entry to record the transaction? 70) A) Furniture 19,600 Cash 2,700 Gain on sale 5,000 Accumulated depreciation 17,300 B) Accumulated depreciation 17,300 Cash 3,800 Furniture 31,100 C) Accumulated depreciation 17,300 Cash 3,800 Gain on ... (More)
Question
Expert Answered
Asked 4/17/2013 6:38:49 PM
0 Answers/Comments
26,247,089 questions answered
Popular Conversations
What equation in slope intercept form represents the line that passes ...
Weegy: You will expect the student to make 55 mistakes at the recital after 6 hours of practicing. User: What is ...
9/29/2016 2:02:24 PM| 6 Answers
what is the product (3p 4)3 · (p 2)7
Weegy: (3p^4)3 ? (p^2)7 =27p^26 User: what is the product of (-2x 2)3 ·3x User: what is the product of (0.5n ...
9/29/2016 3:39:09 PM| 3 Answers
Find a common denominator between the two fractions. 1/4 and 3/5
Weegy: The denominator of the fraction 1/8 is 8 User: Add the following fractions. 1/4 + 2/4 =
9/29/2016 6:30:44 AM| 2 Answers
What was primarily bought to be traded in the Americas when ships ...
Weegy: Slaves was primarily bought to be traded in the Americas when ships traded at West African ports. User: ...
9/29/2016 9:12:56 AM| 2 Answers
An example of an inorganic compound ...
Weegy: An example of an inorganic compound is water. User: ______ are organic compounds made of sugars or ...
9/29/2016 11:01:42 AM| 2 Answers
The use of alcohol, tobacco, and drugs can contribute to all of the ...
Weegy: The use of alcohol, tobacco, and drugs can not contribute to delayed labor.
9/29/2016 12:31:00 PM| 2 Answers
The maximum number of wolves that can survive in a particular forest ...
Weegy: The maximum number of wolves that can survive in a particular forest is 230. This number is called the carrying ...
9/29/2016 7:56:21 PM| 2 Answers
t Object]User: 7. TRUE OR FALSE: Someone who serves as a Director ...
Weegy: Someone who serves as a Director every day might not hold that title when deployed under an ICS structure. the ...
9/29/2016 8:09:18 PM| 2 Answers
Foods that contain all the essential amino acids are called:
Weegy: Complete proteins contain all nine essential amino acids. User: When the ______ to part of the brain is ...
9/29/2016 8:36:22 PM| 2 Answers
Weegy Stuff
S
L
P
P
P
P
P
L
Points 1108 [Total 5180] Ratings 2 Comments 1088 Invitations 0 Offline
S
P
1
L
Points 829 [Total 1709] Ratings 9 Comments 739 Invitations 0 Online
S
Points 223 [Total 517] Ratings 0 Comments 223 Invitations 0 Offline
S
L
P
Points 182 [Total 1294] Ratings 0 Comments 182 Invitations 0 Offline
S
Points 105 [Total 105] Ratings 0 Comments 105 Invitations 0 Offline
S
L
P
P
P
Points 90 [Total 3952] Ratings 0 Comments 90 Invitations 0 Offline
S
Points 72 [Total 72] Ratings 0 Comments 72 Invitations 0 Offline
S
Points 30 [Total 30] Ratings 3 Comments 0 Invitations 0 Offline
S
L
Points 25 [Total 4250] Ratings 1 Comments 15 Invitations 0 Offline
S
Points 11 [Total 11] Ratings 1 Comments 1 Invitations 0 Online
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.