Answer:
Explanation:
a.
Debit:
Allowance for doubtful accounts- 2800
Credit:
Accounts Receivable- 2800
b.
Debit:
Bad Debt Expense- 23,800
Credit:
Allowance for Doubtful Accounts- 23,800
The creation of journal does not is not difficult, as it direct and easy to do without much explanation. I hope this information is helpful
The entry is required in the company's accounts debit cash ;Credit notes receivable and interest revenue.
If a business frequently trades in goods or services for notes, it would likely add a debit column for notes receivable to the sales book so that the general journal would not need to be used to record these transactions. It is also possible to build a separate subsidiary ledger for notes payable. A corporation should create a separate provision for bad debts account specifically for notes receivable if the quantity of notes receivable is substantial.
A note is considered to be honored when the maker pays it in accordance with the terms written down on it.
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Answer:
Distinguish among different types of financial institutions.
Explanation:
Answer:
Bonds have an inverse relationship to interest rates. When the cost of borrowing money rises (when interest rates rise), bond prices usually fall, and vice-versa.
At first glance, the negative correlation between interest rates and bond prices seems somewhat illogical. However, upon closer examination, it actually begins to make good sense.
I think the correct answer from the choices listed above is the last option. It would be a radio advertisement uses slang that is not an extraneous factor. <span>Extraneous factors that can work against effective communication by distorting a message or the feedback received. Using a slang wont distort the message or feedback.</span>
