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timofeeve [1]
3 years ago
13

In august, Johns Co.’s account receivable balance was written off using the direct method. In November, Johns pays the balance i

s full. The Journal entry to record the reinstatement of the account receivable must include a credit to the ________ account before recording a debit to the Cash account.
Business
1 answer:
rosijanka [135]3 years ago
8 0

Answer: Bad debts Expense

Explanation: Bad Debts Expenses occur when qccount receivable has been written off initially and may be recovered in full or in part.

For the journal entry, the accounting treatment of recovered amount will require two journal entries with the first entry being made to reinstate the recovered account , and the second one being made to record the receipt of cash from that receivable..

Therefore, when a previously written off account is recovered and the cash is received from the related receivable, the Journal entry to record the reinstatement of the account receivable must include a credit to the Bad debts Expense account before recording a debit to the Cash account.

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Located at Monsanto's world headquarters, the Nidus Center is a unique ___________ facility. The tenants are biotechnology compa
den301095 [7]

Answer:

Located at the Monsanto's world headquarters, the Nidus Center is a unique Non-profit Incubator facility.

Explanation:

Mosanto was founded in 1901 as an agrochemicals and agricultural biotechnology corporation.

The Nidus Center, on the Monsanto campus, 893 N. Warson Road, is funded by Monsanto but governed by an independent board.

The Nidus Center for Scientific Enterprise, a nonprofit incubator for plant and life sciences companies, secured its first start-up business known as GenChemiCs.

GenChemiCs, which designs and improves chemical compounds using cutting-edge, computer-based technologies, moved in March 2000. It was founded by University of Missouri-St. Louis Professor William Welsh, who is a Professor of Chemistry.

The start-up also does business with a number of large companies, including Monsanto, Mallinckrodt, Searle and London-based AstraZeneca.

8 0
3 years ago
The voucher system of control: Multiple Choice Is a set of procedures and approvals designed to control cash receipts and the ac
Evgen [1.6K]

Answer: Establishes procedures for verifying, approving, and recording obligations for eventual cash disbursement.

Explanation:

The voucher system control is used to ensure that cash will only be spent on the purchases that are authorized.

The voucher system of control establishes procedures for verifying, approving, and recording obligations for eventual cash disbursement.

4 0
3 years ago
"When a company manufactures components for a product in several nations, then ships the components to another nation for assemb
vovangra [49]

Answer:

The correct answer is letter "C": a global assembly line.

Explanation:

A global assembly line is a well-structured international manufacturing process where components of a product are crafted in different countries typically to reduce labor costs and take advantage of cheaper material costs of certain nations. Global assembly lines are normally related to the exploitation of children and providing unskilled workers jobs with basic duties.

7 0
3 years ago
In a sell or process further decision, which of the following costs is relevant?
Alona [7]

Answer: a. Only I

Explanation:

In a sell or process further decision, the only cost that is relevant is the variable production cost that is incurred after split-off.

It should be noted that a split-off is when the parent company of an organization uses specified terms to divests its business unit

6 0
3 years ago
Market culture is controlled and has an internal focus
gtnhenbr [62]

A marketplace culture has a strong external focus and values balance and control whereas a hierarchical culture has an internal focus and values balance and manipulation over flexibility.

<h3>What do you mean by market culture?</h3>

A marketplace culture is a sort of company tradition that emphasizes competitiveness now no longer only among the corporation and its marketplace competition but additionally among employees.

The marketplace version is the maximum competitive and capitalistic of the four common corporate culture models.

Hence, A marketplace culture has a strong external focus and values balance and control whereas a hierarchical culture has an internal focus and values balance and manipulation over flexibility.

Learn more about market culture here:

brainly.com/question/14056208

#SPJ1

3 0
2 years ago
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