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Verdich [7]
3 years ago
11

If Modern Company received $3,650 from Connor Young Company on March 12 for the total amount of an account that had been written

off on March 1, the entry to record the cash receipt after the account has been reinstated under the direct write-off method a. includes a credit to Bad Debt Expense of $3,650. b. includes a debit to Allowance for Doubtful Accounts of $3,650. c. includes a credit to Cash of $3,650. d. is the same as it would be under the allowance method.
Business
1 answer:
AlladinOne [14]3 years ago
6 0

Answer: the correct  answer is a. includes a credit to Bad Debt Expense of $3,650.

Explanation: the Debt was not going to be paid but then the company received the money so it corresponds the credit to Bad Debt Expense of $3,650.

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Which of the scenarios are examples of free riding? Bob can pay to support his local public radio station, which depends on dona
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5 0
3 years ago
Petrus Framing's cost formula for its supplies cost is $2,300 per month plus $6 per frame. For the month of March, the company p
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Answer:

$30 Favorable

Explanation:

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Using this formula

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Activity variance=(856-861) * $6

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7 0
3 years ago
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