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
guajiro [1.7K]
3 years ago
10

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

written off would include aA. credit to Bad Debt ExpenseB. credit to Accounts ReceivableC. debit to Allowance for Doubtful AccountsD. debit to Accounts Receivable
Business
1 answer:
nasty-shy [4]3 years ago
3 0

Answer:

D) Debit to Accounts Receivable

Explanation:

If you want to reinstate a specific receivable previously written off you need to do the opposite accounting entry at when the written off was made.

Previously was made a credit in the accounts receivable to deduct the amount of the bad debt, the opposite would be to make a debit in the Accounts receivable ot reflect the reinstanted value.

You might be interested in
How does the use of credit influence businesses and the economy?
Anarel [89]
A credit company will look at your history with credit and either accept you or deny you based on your credit score

i hope this helps..;)


5 0
3 years ago
Read 2 more answers
The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $ 10,319 Accounts
garri49 [273]

Answer:

49 days

Explanation:

Account receivable turnover ratio = Net credit sales / Accounts receivable

Account receivable turnover ratio = $602,000 / $79,922

Account receivable turnover ratio = 7.53

Average collection period = 365/7.53

Average collection period = 48.47277556440903

Average collection period = 49

Thus, firm’s sales uncollected for year is 49 days.

8 0
3 years ago
Teknosa, a multinational technology company sells computers, peripherals, and software overseas. The corporation separates its c
Morgarella [4.7K]

Answer:

The correct answer is the second option: Product Structure.

Explanation:

To begin with, the name of "Product Structure" in the field of management refers to a type of structure used by the companies who need to organize the way they work according to that specific model. This method of inside organization consists in the separation of the areas of the company according to the type of product that each department sells. Therefore that the company Teknosa that sells three different products decides to organize its structure by those products in order to acquire unique characterization in each product that has its own departments.  

7 0
3 years ago
Tara is shopping at a department store in the mall. before checking out she wants to make sure she brought enough money to pay f
finlep [7]
If Tara bought, sweater $ 52, T-shirt $19, Shoes $68, Jeans $72, Necklace $21, the total would be;
52+19+68+72+21 = 230
But a tax rate of 7% was included, 
Thus, 230 × 0.07 = 16.1
Therefore, the total amount is 230+16.1 = 246.1
Hence, the Estimate amount of money that Tara expects to pay is $250
3 0
3 years ago
The ideal target market for a firm is the one in which it can profitably generate the greatest customer ________ and ________ it
serg [7]

Answer:

Value; Sustain and Grow

Explanation:

5 0
2 years ago
Other questions:
  • _______ occurs when children adjust their schemes to take new information and experiences into account.
    10·2 answers
  • Sip corp uses no debt. the weighted average cost of capital is 8 percent. if the current market value of the equity is 18 millio
    14·1 answer
  • Groups are select one:
    7·1 answer
  • The General Fund reported a beginning balance of inventory of materials and supplies of $122,000. The ending balance was $150,00
    8·1 answer
  • Excel Memory Company can sell all units of computer memory X and Y that it can produce, but it has limited production capacity.
    15·1 answer
  • You are asked to send out an important letter to your business associates in Japan, and it must be sent within the next 90 minut
    7·1 answer
  • Suppose a country that had balanced trade began to run a trade deficit. At the same​ time, consumption as a share of GDP increas
    6·1 answer
  • Based on the balance
    8·1 answer
  • On November 1, Alan Company signed a 120-day, 12% note payable, with a face value of $10,800. What is the maturity value of the
    12·1 answer
  • If the reserve ratio increased from 10 percent to 20 percent, the money multiplier would a. rise from 10 to 20. b. rise from 5 t
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!