Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $2,400 account of a customer, C. Green. On March 9, it receives a $1,900 payment from Green. 1. Prepare the journal entry for January 31.
2. Prepare the journal entries for March 9; assume no additional money is expected from Green. Record the write-off of Green's $2,400 account.

Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. in this case, the country that produces jeans will produce 32 million pairs per month, and the country that produces corn will produce 32 million bushels per month.

Schonhardt corporation's relevant range of activity is 2,500 units to 5,500 units. when it produces and sells 4,000 units, its average costs per unit are as follows: averagecost per unitdirect materials $ 7.60direct labor $ 2.90variable manufacturing overhead $ 1.65fixed manufacturing overhead $ 2.90fixed selling expense $ 0.95fixed administrative expense $ 0.65sales commissions $ 0.75variable administrative expense $ 0.65if 4,500 units are produced, the total amount of fixed manufacturing cost incurred is closest to: multiple choicea $16,800b $11,400c $11,600d $15,400

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