1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
timofeeve [1]
2 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]2 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.

You might be interested in
Suppose that a manager is interested in estimating the average amount of money customers spend in her store. After sampling 36 t
densk [106]

Answer:

The store manager is 95% confident that the average amount spent by all customers is between $ 31.84 and $ 38.66.

Explanation:

In statistics, a confidence interval is the probability that the parameter of a population lies between two set of values when a random sample of the population is drawn for a specific percentage of times. This means that the confidence interval is formed about the whole population not the sample from which it is calculated.

The probabilities of a confidence interval can take any number, but 95% and 99% confidence level that are usually used.

It should be noted that, for example, 95% confidence level implies that there is a 95% chance that the true mean of the population lies within the calculated confidence interval.

Therefore, the statement which gives a valid interpretation of the interval in the question is the first one which states that "the store manager is 95% confident that the average amount spent by all customers is between $ 31.84 and $ 38.66."

I wish you the best.

4 0
2 years ago
Which is the last step in making a personal budget?
OlgaM077 [116]
The last step in making a personal budget is to reduce expenses in flexible categories. The correct option among all the options given in the question is option "B". Under normal circumstances, a person cannot make the adding up all sources of income as the last step. Then the expenses will not get added. The flexible expenses are expenses that can always be reduce or are not important expenses. The basis of making the budget is to reduce those unnecessary expenses. So the last step should always be to find ways to reduce the flexible or unwanted expenses.
4 0
3 years ago
If textbooks and study guides are complements, then an increase in the price of textbooks will result in a. more textbooks being
julia-pushkina [17]

Answer:

d. fewer study guides being sold

Explanation:

If there is an increase in the price of textbooks, it is fair to assume that demand for textbooks will fall and, thus, textbooks sales will also fall. When goods are complements, a decrease in demand for a certain good means that its complements will also experience a similar decrease in demand. Since textbooks and study guides are complements, the sales of study guides will also fall.

Therefore, the answer is d. fewer study guides being sold

7 0
3 years ago
in a high- work system, a firm's technology, organizational structure, people, and processes work together seamlessly. this resu
leva [86]

In a high-work system, a firm's technology, organizational structure, people, and processes work together seamlessly. This results in the firm having an advantage in the competitive environment performance.

The definition of technology is the software of scientific information for practical functions or packages. Era makes use of medical concepts and applies them to exchange the environment in which people stay. Technology can also use clinical concepts to advance industry or different human buildings.

Information technology is critical in our lives as it enables us to address ordinary dynamic matters. Technology offers numerous tools to enhance improvement and exchange statistics. Both these things are the goal of IT to make obligations simpler and to clear up many issues.

Technology is the way we practice medical understanding for sensible functions. It includes machines (like computer systems) but also strategies and approaches (just like the manner we produce computer chips). It'd look like all era is most effective electronic, however that is simply maximum cutting-edge technology.

Learn more about technology here brainly.com/question/7788080

#SPJ4

3 0
1 year ago
Will the business be legal and not against any existing or foreseeable government regulation
bagirrra123 [75]

Answer:

A business will only be legal and not against any existing or foreseeable government regulation if there are documents proving that the business is legally registered, with the type of business and other details fully disclosed by the promoters during the formation and documentation stages.

Explanation:

The main document for incorporating a company in the United States is the Articles of Incorporation.  The document specifies  the primary purpose of the business, its location ( and state of incorporation), and the shareholdings.

7 0
2 years ago
Other questions:
  • Telcom owns a phone network and provides phone network services to many consumers
    15·1 answer
  • ssume you are the Chief Information Officer (CIO)1 of the company that you dream of (any company, real or hypothetical). Give a
    12·1 answer
  • To pay for investment advice from financial consultants Smith and Jones, Tony signs a check payable to "Smith or Jones." A prope
    15·1 answer
  • Suppose that commodity prices across the economy begin to fall and consumers and firms begin to expect a lower rate of future in
    9·1 answer
  • The following selected transactions were completed by Fasteners Inc. Co., a supplier of buttons and zippers for clothing:
    5·1 answer
  • Copy of Jane is in charge of her Rotary Club’s annual fund-raising auction. She will decide who will ask local businesses for pr
    14·1 answer
  • what will most likely still occur when the economy has achieved full employment? a.frictional, seasonal, and cyclical unemployme
    11·1 answer
  • Larner Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the f
    13·1 answer
  • g How would you define the role of human resources in your organization? How does it compare with the information in this week's
    14·1 answer
  • Pamper Me Salon Inc.’s general ledger at April 30, 2017, included the following: Cash $5,000, Supplies $500, Equipment $24,000,
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!