Answer:
debit: provision for doubtful accounts
credit: accounts receivable
Explanation:
Based on the information given in a situation where the restaurant make uses of the DIRECT WRITE-OFF METHOD of accounting for bad debt expense, the appropiate journal entry to recognize this bad debt would be a debit to PROVISION FOR DOUBTFUL ACCOUNTS and a credit to ACCOUNTS RECEIVABLE.
Debit Provision for doubtful accounts $750
Credit Accounts receivable $750
Answer:
The correct answer is E) None of the above.
Explanation:
when you purchase a straddle on euros, this means you simultaneously buy a call option and a put option on the same common stock on euros bearing a similar expiration date, and the same place where the security can be bought and sold. What this means is, you tend to make a profit once the common stock makes a sharp move. Normally, call options give investors the liberty to sell stock expecting a rise in price, while a put option gives the investors want to sell their stock because they predict a fall in price. These two option contracts aim at making investors make profits.
Grasping a dilemma by the horns means <span>proving the dilemma unsound by proving the conjunctive premise false. Although refuting dilemmas refers to proving that the argument is invalid and unsound, if they are valid grasping a dilemma by the horns means to prove that it is unsound. </span>
Answer:
I did that because I wanted to earn points, and alas. I wasnt sure how to other than this.
Explanation:
Answer:
Date Account Titles and Explanation Debit Credit
Accounts Payable $1,600
($1,800 - $200)
Merchandise inventory $32
(2% * $1,600)
Cash $1,568
(To record the merchandise return)
