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leonid [27]
3 years ago
12

Barnes Books allows for possible bad debts. On May 7, Barnes writes off a customer account of $5,800. On September 9, the custom

er unexpectedly pays the $5,800 balance. Record the cash collection on September 9.
Business
1 answer:
Gwar [14]3 years ago
5 0

Answer and Explanation:

According to the given situation, the Journal entry is shown below:-

On September 9

Account receivable Dr $5,800

       To Allowance for doubtful debts $5,800

(Being written off amount is recorded)

Here we debited the account receivable as it increased the assets and credited the allowance as it decreased the assets

On September 9

Cash Dr, $5,800

         To Accounts receivable $5,800

(Being cash collection is recorded)

Here we debited the cash as it increased the assets and we credited the accounts receivable as it decreased the assets

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Explain the term economic activity
lakkis [162]

Answer:

Economic activity is the activity of making, providing, purchasing, or selling goods or services. Any action that involves producing, distributing, or consuming products or services is an economic activity. Economic activities exist at all levels within a society.

Explanation:

CAN I GET BRAINLIEST

4 0
2 years ago
The August 31 balance shown on the bank statement is $9,813.
Andrej [43]

Answer:

Adjusted Balance per bank $9,199

Adjusted Balance per books $9,199

Explanation:

Preparation of a bank reconciliation as of August 31

Balance per bank on August 31 $9,813

Add Deposit in transit $1,263

Less Outstanding checks ($1,877)

Adjusted Balance per bank $9,199

Balance per books on August 31 $9,371

Add Interest earned $116

Less Bank charge ($35)

Less Error in Books ($253)

($626-$373)

Adjusted Balance per books $9,199

Therefore the bank reconciliation as of August 31 will be:

Adjusted Balance per bank $9,199

Adjusted Balance per books $9,199

7 0
2 years ago
In business writing, the main idea of a written work should be located
Nadya [2.5K]

Answer:

c

Explanation:

cccccccccccccccccccccccccc

6 0
2 years ago
Read 2 more answers
dupe's age and olu's add upto 25 years. Eight years ago , dupe was twice as old as olu. how old are they now?​
Bas_tet [7]

Dupe's present age = 14 years

Olu's present age = 11 years

Explanation:

  • Let Dupe's age be x. Let Olu's age be y. Since their ages add up to 25 years, x + y = 25
  • Eight years ago Dupe's age was double that of Olu's age. Solving by simultaneous equations. Four methods are Elimination Method, Graphical Method, Substitution Method, and    Matrix Method. Let us try out Elimination method for solving a pair of simultaneous linear equations that reduces one equation to one that has only a single variable. Once this has been done, the solution is the same as that for when one line was vertical or parallel.
  • Therefore, eight years ago, Dupe's age was 6 and Olu's age was 3 so that x=2y becomes, 6=2*3. Eight years hence, x=6+8=14 and y=3+8=11. That makes, x or Dupe's age as 14 years and y or Olu's age as 11 years.  
6 0
3 years ago
What is Philip's curve long and short ones? ​
Veronika [31]

In the Philip's curve the long run usually refers to the vertical line and the rate of unemployment the short run Philips curve denotes inflation and is in L shaped and the relationships indicates the trade-off between the inflation and the unemployment

Explanation:

This curve in general shows the relationship between the rate of increase in the nominal wages and the rate of unemployment and usually lower the rate of inflation higher will be the wages allotted and it will be the vice versa

There will be a shift in the Philips curve when there is a hike in the oil prices abroad and this will cause the curve to shift leftwards so in the long run it will indicate the unemployment rate and in the short run it will indicate the inflation rate

3 0
3 years ago
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