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Smart Calendars Is a New Business

question 42

Essay

Smart Calendars is a new business.During its first year of operations,credit sales were $40,000,and collections of credit sales were $36,000.One account,$650,was written off.Using the aging-of-receivables method,management calculates $200 as its estimate of uncollectible amounts at year end.Prepare the journal entry to record bad debts expense.


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Cooler Colors

Colors that are perceived as calming and are typically on the blue side of the color spectrum, including greens and purples.

Negation

The grammatical or logical operation whereby a proposition or expression is made negative, denying its content.

Order of Operations

A set of rules used in math to determine the sequence in which operations should be performed.

Circular References

A situation in formulas where a reference is made back to the original cell, potentially causing an error or infinite loop.

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