The journal entries to record the direct write-off method and the allowance method are:
Journal entries
a. May 3
Debit Bad debt $2,000
Credit Account receivable- Joey Company $2,000
b. May 21
Debit Accounts Receivable—Joey Company $2,000
Credit Allowance for Doubtful Accounts $2,000
Debit Cash $2,000
Credit Accounts Receivable—Joey Company $2,000
Learn more about journal entries here:brainly.com/question/14279491
Answer:
A need is something you can live without. a want is something you would like to have. is what you give up when making a financial decision.
Explanation:
The answer is c hoped this helped
Answer:
c. place----distribution
Explanation:
Since it is stated in the example that Sidney's customers expressed a wish for the scanners to be sold through retail alongside the online shop, it is clear that Sidney's company faces an issue regarding the distribution channels.
Of course, there is room for improvement, as they have already noted the customer requests for such a distribution channel and they have a steady demand.
To secure (and increase) their existing customer base from the competitor, Sydney's company has to put <u>place and distribution</u> of its products in the marketing focus.
Answer:
B. money market funds
Explanation:
The most limited definition of money, M1, consists just of cash and various bank accounts that allow check writing. Money in circulation includes cash, traveler's checks, demand deposits, and other types of checkable deposits.