a CTSO for students taking marketing classes
a club providing hands-on laboratory experience for students taking a science class
an agricultural organization for students in an agricultural school
Answer:
The level at which an individual is viewed by society is called Social Status. ... It is the measure of worth or the position that the 'person holds in society'.
Explanation:
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Answer:
The answer is C.
Explanation:
Credit sales is $6,000
Bad debt is 3% of net credit sales which is $180($6,000 x3%)
Creating allowance for doubtful debt entry is one of the prudent method and it tells us that some customers won't pay part of what they are owing. And it is also a contra account that offset bad debt.
According to the accounting rule, debit increases asset and expenses and vice-versa while credit decreases liability, equity, income and vice versa.
So we have have:
Dr Bad debt expense $180
Cr Allowance for Doubtful Accounts $180
No because they aren't Fair