The document contains accounting information for four companies. Anne Company recorded $900,000 in doubtful accounts and $400,000 loss on a claim receivable for total adjusting entries of $1,300,000. Norway Company recorded a $3,000,000 litigation loss and $3,150,000 in bad debt expense for total adjusting entries of $6,150,000. Elaine Company had $9,000,000 in gross income, $3,000,000 in damages and $6,000,000 in income before taxes. Marian Company recorded $3,500,000 in agreed money to pay and $3,500,000 in accrued liability.
The document contains accounting information for four companies. Anne Company recorded $900,000 in doubtful accounts and $400,000 loss on a claim receivable for total adjusting entries of $1,300,000. Norway Company recorded a $3,000,000 litigation loss and $3,150,000 in bad debt expense for total adjusting entries of $6,150,000. Elaine Company had $9,000,000 in gross income, $3,000,000 in damages and $6,000,000 in income before taxes. Marian Company recorded $3,500,000 in agreed money to pay and $3,500,000 in accrued liability.
The document contains accounting information for four companies. Anne Company recorded $900,000 in doubtful accounts and $400,000 loss on a claim receivable for total adjusting entries of $1,300,000. Norway Company recorded a $3,000,000 litigation loss and $3,150,000 in bad debt expense for total adjusting entries of $6,150,000. Elaine Company had $9,000,000 in gross income, $3,000,000 in damages and $6,000,000 in income before taxes. Marian Company recorded $3,500,000 in agreed money to pay and $3,500,000 in accrued liability.