Widgets, inc. makes $300 on account sale to Custom Motors. How is the sale recorded in the Accounts Receivable subsidiary ledger?

Allowance for doubtful accounts is a fixed or current asset?

The Allowance for Doubtful Accounts is a general ledger account set up to estimate the dollar amount of accounts receivable that a business does not expect to collect from customers.It works this way: A business sells 4 widgets to Customer A for $20.00 on credit and 1 widget to Customer B for another $5.00 on credit (assume that these two sales are the only sales that the company makes in the entire accounting period). Until one of the customers pays, the company has total Accounts Receivable of $25.00 ($20.00 due from Customer A and $5.00 from customer B).However, the business must take into account the likelihood that some customers who owe it money will not pay. For example, a customer may go out of business before paying. So the business owner wants to estimate how much of its total Accounts Receivable he thinks will actually be collected. He estimates the total amount owed by customers who probably will not pay (but remember that they might pay, so he doesn't want to completely take the debt off the books yet), and he records that amount as a debit to Estimated Bad Debt account, with the credit going to a separate account called Allowance for Doubtful Accounts.When one combines the debit balance shown in the Accounts Receivable account and the credit balance shown in the Allowance for Doubtful Accounts, the net result is the amount of total customers' debt that the business' management realistically believes the business will be able to collect.DR Balance in Accounts Receivable Accountnet ofCR Balance in Allowance for Doubtful Accounts= the net amount that the company expects to collect as of the balance sheet date(and this is the single amount that is reported as "Accounts Receivable" on the company's balance sheet.)Accounts Receivable is classified as a current asset, because it is assumed that the NET collectible receivables will be collected within one year of the balance sheet date.Allowance for Doubtful Accounts is a valuation account used to estimate the dollar amount of uncollectible Accounts Receivable as of the balance sheet date.A general ledger account and its associated valuation account (if any) are always classifed in the same way. Accordingly, since Accounts Receivable is a current asset (which is generally the case), so is its related valuation account, i.e., Allowance for Doubtful Accounts.

How do you download widgets to Samsung genio?

You can download more widgets by going to menu, then settings, click on widgets, then make sure the 'more widgets' icon is ticked. then go back to your home page. open the widgets bar at the side, then drag the more widgets icon out and it will automatically load and there you can download more widgets. does that help?

How do you solve -2w plus 62w?

If 'w' was a 'widget', then (-2 widgets) plus (62 widgets) would be the same as (60 widgets).

What do the autocomplete widgets do?

Auto complete widgets module adds auto complete widgets for Text and Number Fields. Auto complete widgets retrieve your widgets from your saved cookies and automatically complete them set to your preferences which saves you from setting the widget every-time you log in.

Can you get extra widgets on the lg prime?

How can i get more widgets for the lg prime

How do you get widgets on your mac?

If your computer operating system will allow widgets to run on your computer then you are half way there. Widgets are designed to run in a part of the desktop called the Dock. Either the operating system will allow those widgets to run elsewhere on the desktop or you are out of luck.

If 8 widgets equal 4 curlicues and 2 curlicues equal 3 goofups then 16 widgets equal how many goofups?

16 widgets equal 12 goofups because 16 widgets=8 curlicues=3*4=12 goofups

What kind of website is Blogger Widgets?

Blogs are simply web logs and widgets are simply small pieces of code, usually javascript that add functionality to sites. So Blogger Widgets is simply a site that offers examples of widgets and information on how to use them on your blog.

Need to know in making Point of Sale Software?

POS software will tie your inventory to your cash register, so that at any point you can look and see how many widgets you have left. It will let you run credit card or debit card payments, tie together multiple cash registers, and will help you balance the books. The software will integrate with your accounts receivable (AR) and other accounting modules too. To learn more: http://www.cougarmtn.com/accounting/Point_of_Sale_Software

Can Mac widgets be put onto a PC?

No, The Mac Widgets were specially designed for Macintosh Computers only. The widgets are formally known as the Dashboard. Mike Apple Inc. Mike_Rover@staff.apple.com

How do you get widgets on sidebar 2 for WordPress?

On the widgets page in the dashboard, simply drag the widgets from the left to the sidebars on the right where you want them. If your second sidebar isn't showing up there, then there is an arror with your theme.

Where can one find widgets suitable for a Mac?

One may find widgets suitable for a Mac computer directly on the Apple website in the downloads sections. Most of the widgets are free and there are many to choose from.