On january 1, wei company begins the accounting period with a $36,000 credit balance in allowance for doubtful accounts. a. on february 1, the company determined that $8,000 in customer accounts was uncollectible; specifically, $1,500 for oakley co. and $6,500 for brookes co. prepare the journal entry to write off those two accounts. b. on june 5, the company unexpectedly received a $1,500 payment on a customer account, oakley company, that had previously been written off in part a. prepare the entries necessary to reinstate the account and to record the cash received.
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Business, 21.06.2019 15:00, dwilburn01
In order to be thoughtful about the implementation of security policies and controls, leaders must balance the need to with the impact to the business operations. doing so could mean phasing security controls in over time or be as simple as aligning security implementation with the business’s training events.
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Business, 22.06.2019 09:40, nessross1018
Salt corporation's contribution margin ratio is 78% and its fixed monthly expenses are $30,000. assume that the company's sales for may are expected to be $89,000. required: estimate the company's net operating income for may, assuming that the fixed monthly expenses do not change.
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On january 1, wei company begins the accounting period with a $36,000 credit balance in allowance fo...
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