The correct entry to write off a $400 receivable owed by Ajax Co. using the Direct Write-Off Method would be: Debit Accounts Receivable-Ajax and credit Allowance for Doubtful Accounts for $400. Debit cash $400 and Credit Accounts Receivable $400.
Answer:
($500) = NA + NA + ($500)
Explanation:
In this question, the following accounting equation is used
Assets = Liability + common stock + retained earnings
As in the transaction, it is given that $500 cash is paid for advertising expense, so this event would be affecting the accounting equation for asset and the retained earning account i.e
($500) = NA + NA + ($500)
As cash is paid which reduces the asset balance plus the retained earning balance is also get reduced by $500
Answer:
It can be greater as well as less.
Explanation:
1st of all we should know what is Future Price and what is Stock Index.
The futures price can be more or less that the predicted fee.
When futures costs are lower than predicted price spot fees, the situation is known as normal backwardation.
When futures prices are higher than anticipated spot charges, it is called normal contango
Answer:
The correct answer to the following question is Waiver .
Explanation:
The term waiver can be defined as a legally binding provision , in which either of the parties entered in a contract , in their own free will forfeits a claim, and other party would not be liable. These waivers can be in written from or in some sort of action. Here the insurance company has removed the potential liability of the person who has filled the application form.
manage household expenses means cutting a lot of checks
ans is a checking account
