Answer:
Db Accounts Payable or Cash____900
Cr Inventory account__________________900
Explanation:
The journal entry would be: If merchandise is returned to a supplier, a debit is made to Accounts Payable or Cash, and a credit is made to the Inventory account.
A product line is a group of products that are closely related because they function in a similar manner, are sold to the same customer groups, are marketed through the same type of outlets, or fall within given price ranges.
<h3>What is a group of products that are closely related?</h3>
- A collection of related products is referred to as a product line.
<h3>What is a group of products called?</h3>
- A group of related products made by the same company and sold under the same brand is referred to as a product family.
- A business may develop a product family to capitalize on the devoted following of its original brand.
<h3>What is product group?</h3>
- A set of departments, classes, subclasses, or things that are gathered together for a specific objective is known as a product group.
- SIM employs product groups for the following purposes to plan and carry out various stock count procedures (Problem Line, Unit, and Unit and Amount product groups).
<h3>What is product and types of product?</h3>
- Consumer products and industrial products are the two primary categories into which items are divided.
- Consumer goods are those that the final consumer buys for personal use.
- The customer buys these consumer goods to fulfill his own wants and requirements.
Learn more about product line here:
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Answer:
Wei Company
Journal Entry:
Debit Allowance for Doubtful Accounts $7,800
Credit Accounts Receivable $7,800
To write-off accounts determined to be uncollectible.
Explanation:
a) Data and Calculations:
Allowance for Doubtful Accounts (Balance) = $35,000
Uncollectible accounts:
Oakley Co. $1,400
Brookes Co. $6,400
Total = $7,800
b) The amount of $7,800 considered to be uncollectible is written off against the Accounts Receivable. This reduces the Accounts Receivable while correspondingly increasing the Allowance for Doubtful Accounts.
The correct words to fill in
the blank are:
<u>“social
role theory”</u>
<span>Social role theory is a perspective in
social psychology which considers men and women to act differently in social
situation and take different roles due to the expectations that society puts on
them. In this case, Karen expects women to take feminine roles.</span>
Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
