This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The Flying Pigs rugby team went bankrupt and owed Team Shirts 364. Using the accounting equation ... (Read 163 times)

urbanoutfitters

  • Hero Member
  • *****
  • Posts: 530
on: Jul 5, 2018
The Flying Pigs rugby team went bankrupt and owed Team Shirts 364. Using the accounting equation format, prepare the entry to record the write-off. Include the account titles and amounts.
 
  Shareholders' equity
   Assets Liab. CC Retained earnings

Question 2

Which of the following is not a strategic planning process?
 a. IT-related requirements to comply with industry, regulatory, legal, and contractual obligations, including privacy, transborder data flows, e-business, and insurance contracts.
  b. Acquisition and development schedules for hardware, software, and application systems and for personnel and financial requirements.
  c. Systems development life cycle adoption to ensure that comprehensive documentation is developed for each application.
  d. An inventory of current IT capabilities.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dmurph1496

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 5, 2018
Answer to Question 1

Shareholders' equity
Assets Liab. CC Retained earnings
- 364 Accounts receivable (Flying Pigs)
+ 364 Allowance for uncollectible accounts

Answer to Question 2

C


urbanoutfitters

  • Member
  • Posts: 530
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

connor417

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

This cat has accepted this pair of guinea pigs. This cat has accepted this pair of guinea pigs.
A team of forensic experts working on remains recovered from Ovcara in the former Yugoslavia. A team of forensic experts working on remains recovered from Ovcara in the former Yugoslavia.
Development Accounting Development Accounting
Trig Equation Trig Equation
MANAGEMENT ACCOUNTING MANAGEMENT ACCOUNTING
Flo Hyman was a 6 foot 5 inch star on the U.S. women’s volleyball team that won a silver medal in ... Flo Hyman was a 6 foot 5 inch star on the U.S. women’s volleyball team that won a silver medal in ...
Video: Calvin Cycle Explained!

For a complete list of videos, visit our video library