Answer:
journal entries
Write-off
Debit Bad Debts expense $11,000 Credit Accounts receivable $11,000
Recovery
Debit Bank $1,800 Credit Bad Debt Recovered income $1,800
Allowance for Doubtful debt Adjustment
Debit Allowance for doubtful debt Adjustment $4,000 Credit Allowance for doubtful debt $4,000
Explanation:
Write-off
The write-off creates an expense (bad debt) and and decreases an asset ( Accounts receivable)
Recovery
Since the amount has been written off as bad, when it is recovered it is no longer recognized as a payment on accounts receivable but an income the entity thought was lost.
Allowance for doubtful debt adjustment
The differences in the opening balance and closing balance either creates an expense or an income adjustment. These estimates are on net Accounts receivables ( after bad debts) are a negative assets.
19000 - 15000 = 4000(increase) adjustment and is an expense.
The correct answer is generation x managers. Generation x managers
are far more different to baby boom generation because they are likely to have
different values wherein they are more cooler and skeptical and that they are
to be considered as an independent group in regards to performance.
Answer:
A
the net payment amount after deducting applicable discounts and allowances.
Explanation:
It is a document or form made to authorize the writting of a check in favor of a third party. the departmetn in charge will approve the payment and emit this document for the net amount that is, free of discount allowance or adding adidtional charges or freights.
Answer:
the correct answer is c. any intermediary between a manufacturer and end-user markets
Explanation:
a middleman makes it easier for the manufacturers and producers to reach their target markets without many difficulties. however, they keep a profit for themselves too, for the service they provide. this could increase the prices of the products.
Equality I think you was meant to spell.
