1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Arlecino [84]
1 year ago
7

Using the allowance method of accounting for uncollectible receivables, the entry to reinstate a specific receivable previously

written off would include a:_______
Business
1 answer:
DiKsa [7]1 year ago
5 0

The  entry to reinstate a specific receivable previously written off would include a: debit to Accounts Receivable.

<h3>What is uncollectible receivables?</h3>

Uncollectible receivables can be defined as the loan or money that a company cannot collect from a debtor while Accounts Receivable can be defined as the money a company is expected to receive from  a client or vendor for the service rendered to the vendor.

Hence, the appropriate journal entry to reinstate a specific receivable previously written off  would be debit to Accounts Receivable.

Learn more about Accounts Receivable here:brainly.com/question/24848903

#SPJ1

You might be interested in
If the company obtained a loss before taxes of $36,000 during the year, calculate the amount of ISR
Sever21 [200]

Explanation:

to calculate the loss without Isr the company removed isr form its revenue and loss metrics for both presented years in calculating the adjusted ebitda

3 0
1 year ago
Which of these statements defines the term resources?
sineoko [7]
The correct answer to that question would be A. Materials that help you acheive goals.
8 0
2 years ago
Read 2 more answers
This year Mary received a $600 refund of state income taxes that she deducted on her tax return last year. Mary included a total
Mariulka [41]

Answer:

$600

Explanation:

If instead of itemizing, Mary had elected the standard deduction last year, then she wouldn't have to include any state income tax refund on her current gross income. But since she itemized her deductions and actually deducted these $600 from her gross income last year, she must include them in he current gross income.

5 0
2 years ago
Assume University Athletic Pharoah Club sells T-shirts for $30 and anticipates selling 6,700 shirts during football season. The
den301095 [7]

The preparation of the University Athletic Pharaoh Club's Income Statement in the contribution margin format is as follows:

University Athletic Pharaoh Club

<h3>Income Statement</h3>

For the football season

Sales Revenue                $201,000

Variable cost of sales        155,574

Contribution margin       $45,426

Fixed Costs:

Selling and administrative 33,526

Net Income                       $11,900

<h3>Data and Calculations:</h3>

Sales revenue = $201,000 ($30 x 6,700)

Cost of sales = $155,574 ($23.22 x 6,700)

Fixed Costs = $35,000

Sales commission = $1,474 ($0.22 x 6,700)

Remaining fixed costs = $33,526

Thus, the income statement of University Athletic Pharaoh Club for the football season shows a net income of $11,900.

Learn more about Contribution-Margin Income Statement at brainly.com/question/24962994

#SPJ1

3 0
2 years ago
The following data were taken from the records of Menendez Company:
nydimaria [60]

Answer: a. $1,500

Explanation:

Working capital is calculated by deducting current liabilities from current assets. It is meant to show the operating liquidity of a company within a period.

Working capital = Current assets - Current liabilities

= 5,000 - 3,500

= $1,500

3 0
2 years ago
Other questions:
  • In florida, an element of an insurance transaction would be
    12·1 answer
  • Arthur, a production manager, knows that some of his employees are upset with a new corporate policy that eliminates a tuition r
    15·1 answer
  • A pure monopolist __________. a. will realize an economic profit if price exceeds ATC at the profit-maximizing/loss-minimizing l
    12·2 answers
  • Amusez-vous à répondre à celui-ci! Pari que vous ne pouvez pas! Il est en français Quelle est ma photo de profil? Try answering
    13·2 answers
  • What effect does the entry of new firms have on the economic profits of existing​ firms? When new firms enter a monopolistically
    8·1 answer
  • 2. Which of the following statements about money are correct?
    10·2 answers
  • Aptitude is (1) the native skills and abilities a person brings to the job, (2) the physical and mental capabilities of a person
    9·1 answer
  • Decision making "at the margin" means making a choice based on __________ of a decision.
    15·1 answer
  • The economic problem means that, both individually and socially, we must make choices and that all choices have costs. Economist
    14·1 answer
  • You have just turned 27 and may now spend a portion of the trust fund your parents established for you. The terms of the trust f
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!