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 130 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
Thanks for the timely response, appreciate it

mjenn52

  • Member
  • Posts: 351
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Sugar Gliders (Flying Phalanger) Sugar Gliders (Flying Phalanger)
Team of geologists collecting samples for paleomagnetic analysis at Sangiran, Java. Team of geologists collecting samples for paleomagnetic analysis at Sangiran, Java.
Flying spider Flying spider
Flying Horse Poised on One Leg on a Swallow, from the tomb of Governor-General Zhang at Wuwei, ... Flying Horse Poised on One Leg on a Swallow, from the tomb of Governor-General Zhang at Wuwei, ...
Simplify Trig Equation Simplify Trig Equation
Video: ADH and the arterioles, kidneys, sweat glands and the Atrial natriuretic peptide (ANP)

For a complete list of videos, visit our video library