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 143 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
:D TYSM

blakcmamba

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

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?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

How to solve any rational equation by finding the lowest common denominator (Part 2) How to solve any rational equation by finding the lowest common denominator (Part 2)
A model for mixed inhibition: equation A model for mixed inhibition: equation
How to classify whether an equation is linear, quadratic, or cubic How to classify whether an equation is linear, quadratic, or cubic
Accounting Accounting
MANAGEMENT ACCOUNTING MANAGEMENT ACCOUNTING
Video: Chromosome structural organization/ Mechanisms for chromosome movement Animation

For a complete list of videos, visit our video library