Answer:
The answer is A
Explanation:
Competitive environment is an environment where competitors compete with one another for customers.
For example, Westpac, NAB, Commonwealth Bank and ANZ are in the same competitive environment. These are banks in Australia.
Types of competition are perfect competition, monopoly, monopolistic competition, oligopoly etc.
Mediation maybe I think that’s the correct answer
A compound document contains linked data from different applications.
Answer:
a. Bad Debt Expense 5100 Allowance for Doubtful Accounts 5100
Explanation:
The adjusting entry is shown below:
Bad debt expense $5,100
To Allowance for doubtful debts $5,100
(Being the bad debt expense is recorded)
The computation is shown below:
= Account receivable × estimated percentage - credit balance of allowance for doubtful debts
= $170,000 × 5% - $3,400
= $8,500 - $3,400
= $5,100
In order to recording this transaction, we debited the bad debt expense as it increases the expenses account whereas at the same time it reduces the account receivable therefore the allowance for doubtful debts is credited
