Answer:
account receivables 600 debit
allowance for doubful account 600 credit
--to revert the write-off--
cash 600 debit
account receivables 600 credit
--to record the payment from Acme Inc--
Explanation:
The company will revert the write-off of Acme. Inc account and then record a collection as usual
We use the allowance account as previously the company did as follows:
allowance for doubful account 1,200 debit
account receivables 1,200 credit
to write-off the account.
We reverse this by the amount paid by Acme which is 600
Then, we record receiving the cash (debit) and decreasing the account receivable (credit)
Hi there!
Investors who put their own money into a startup are known as angel investors. Also, they are usually family or friends but don't have to be.
The closest answer to angel investors is C. Angels.
I hope that helps u! :)
Spending that goes into our national debt. Debt spending.
Answer:
a. limited liability for members.
Explanation:
One of the important if not the most important characteristics in starting a limited liability company is limited liability for members, since the whole company structure revolves around this aspect. This refers to the shareholders being responsible for any debt incurred by the company, but only to the extent of their company shares.
It depends on how it fits into her schedule. If she has toddlers that don't go to school and is a single mom,no. If she is single and has no other interests,then yes.
