Hiya!
The answer would be political, legal and social institutions.
1.) Political: Political institutions create and enforce laws, which help the growth of economics.
2.)Legal: Legal institutions is human behavior, which helps the economics have humanly effects.
3.)Social: Social institutions consists of a group of people who come together for a common purpose
Goodluck! c:
Answer:
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Answer:
Dr. Allowance for Doubtful Accounts...1,200
Cr. Accounts Receivable....................................1,200
Explanation:
When a specific customer's account is identified as uncollectible, the journal entry to write off the account is:
A credit to Accounts Receivable (to remove the amount that will not be collected)
A debit to Allowance for Doubtful Accounts (to reduce the Allowance balance that was previously established)
Therefore the JOURNAL ENTRIES for the $1,200 uncollectible debt will be
Dr. Allowance for Doubtful Accounts...1,200
Cr. Accounts Receivable....................................1,200
Answer:
$12
Explanation:
Equilibrium price is price at the point where quantity supplied equals the quantity demanded.
Please check the attached image for a table showing how equilibrium was found