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kolezko [41]
3 years ago
15

Shannon Corp. uses the aging method to account for bad debt expense. Shannon determines that a customer account of $10,000 shoul

d be written off as uncollectible. The write off of the account will include
Business
1 answer:
lozanna [386]3 years ago
6 0

Answer:

The write off of the account should include a debit to the allowance for uncollectible accounts, and a credit for bad debt expense:

Account                                             Debit              Credit

Bad Debt Expense                                                  $10,000

Allowance for Uncollectible

Accounts                                          $10,000

This is because under the aging method, when an account is actually written-off, it must be charged against the bad debt expense that was forecasted or anticipated earlier.

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Answer:

100

Explanation:

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Since the goal programming problem had two goals. Goal number 1 was to achieve a profit of $2,400 and goal number 2 was to have no idle time for workers in the factory. The optimal solution to this problem resulted in a profit of $2,300 and no idle time

This means that goal number 2 was achieved since the optimal solution resulted in no idle time. But goal number 1 was not achieved because a profit of $2300 was achieved in the solution instead of $2400.

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3 years ago
William is interested in exercising more, but does not feel he has the time. Write a short response explaining how he can find t
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4 0
3 years ago
Which of the following sentences uses the term ration correctly?
lisabon 2012 [21]

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The last one.

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Explanation:

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4 0
2 years ago
This year Ed celebrated his 25th year as an employee of Designer Jeans Company. In recognition of his long and loyal service, th
Crank

Answer:

$2,490

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