Answer:
do you have a picture of a graph
Explanation:
Answer:
formally ...................
The correct option is B.
A tariff is define as the tax which is levied on imported goods in order to make them more expensive. Government usually levy tariff on imported goods in order to make them more expensive than the goods that are produce locally. This is done in order to encourage consumers to buy more of locally made goods than imported goods. Buying more of locally made goods improves the local industries and improve the country's GDP.<span />
The journal entries are as follows
On December 31
Bad debt expense Dr $3,080 ($616,000 × 0.50%)
To Allowance for doubtful debts $3,080
(Being the estimated bad debt expense is recorded)
On Feb 01
Allowance for doubtful debts Dr $308
To Account receivable $308
(Being the written off amount is recorded)
On June 5
Account receivable $308
To Allowance for doubtful debts Dr $308
(Being the uncollected amount is recorded)
On June 5
Cash Dr $308
To Account receivable $308
(Being the cash received on account is recorded)
