Answer:
a. Debit Allowance for doubtful debt $4,398
Credit Accounts receivable $4,398
Being entries to write off receivable due from Madonna Inc.
b. $739,480 before and after the write-off
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
The realizable value of accounts receivable before the write off is the net of the accounts receivable and the allowance for doubtful debt
= $762,000 - $22,520
= $739,480
This amount remains the same after the write off as the write off will reduce the balances in both the allowance for doubtful debt account and accounts receivable.
Answer: attention
Explanation: The given case illustrates the concept of selective attention.
Selective attention refers to the situation when an individual focuses on a particular aspect of a vast subject matter due to his or her specific need or preferences.
In the given case, Juana found the magazine interesting because of the topic regarding a disease was covered in the magazine from which her mother was suffering.
Therefore, we can conclude that the correct option is C.
Answer:
Government actions taken to mange a country’s money supply are called ——<u>M</u><u>o</u><u>n</u><u>e</u><u>t</u><u>a</u><u>r</u><u>y</u>——-policy
Answer:
The answer is "Option B".
Explanation:
Investment in long-term bond financing, as well as other long-term bonds, focuses on long-term returns assets with their very own risks and also higher income. Therefore, these funds can be outstanding commercial vehicles but not generally the best investment. It refers particularly to investors who seek to raise revenue and minimize uncertainty, that's why choice B is correct.