Part A: Justin Company Has Accounts Receivable of $40,000

question 133

Essay

Part A: Justin Company has accounts receivable of $40,000.The allowance for uncollectible accounts has a balance of $200,a positive number,before adjustment.An aging schedule prepared December 31,2012 estimates that $1,100 of accounts receivable are uncollectible.Show the effect of the adjusting entry on the accounting equation,including both account titles and amounts:
Part B: Jayson Company has accounts receivable of $40,000.The allowance for uncollectible accounts has a balance of ($200),a negative number,before adjustment.An aging schedule prepared December 31,2012 estimates that $1,100 of accounts receivable are uncollectible.Show the effect of the adjusting entry on the accounting equation,including both account titles and amounts:
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Identify the effects of prejudice and discrimination on society and individuals.

Analyze the impact of systemic discrimination on marginalized groups.

Understand the concept of aversive racism and how it manifests in modern society.

Recognize and explain the subtyping process as a way to maintain stereotypes.

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Definitions:

Industry Demand

The total demand for products or services within a particular industry or sector.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to a state of market balance.

Number of Firms

It refers to the total count of enterprises operating within a certain market or industry.

Industry

A sector of the economy that produces a related set of goods or services.