1100 is Accounts Receivable for the company determined that $7,200 in customer accounts was uncollectible; specifically, $1,100 for oakley company and $6,100 for brookes company.
Feb 1 Allowance for Doubtful Accounts 7200
Accounts Receivable - Oakley 1100
Accounts Receivable - Brookes 6100
Jun5 Accounts Receivable - Oakley 1100
Allowance for Doubtful Accounts 1100
Jun 5 Cash 1100
Accounts Receivable - Oakley 1100
Accounts receivable (AR) is the remaining amount owed to a business for goods or services that have been delivered or consumed but have company not yet accounts receivable been paid for by clients. The balance sheet classifies accounts receivable as a current asset. Customers' unpaid debt for goods they made with credit is referred to as AR.
The term "accounts receivable" refers to any unpaid bills or cash that a business is owed by customers. The word refers to accounts that a accounts receivable company is entitled to get as a result of delivering a good or service. Accounts receivable, also known as receivables, are a company type of line of credit that a business extends to its customers, and its terms typically call for payments to be made within a short time frame.
Learn more about accounts receivable here
brainly.com/question/24261944
#SPJ4
Answer:
a.none of these answers are correct
Answer:
True
Explanation:
It is true that this fact violates the efficient markets hypothesis because the efficient markets hypothesis argues that it is impossible to earn above-market returns.
Efficient market hypothesis holds that asset prices reflect all available information. A direct implication is that <u>it is impossible to "beat the market" </u>consistently on a risk-adjusted basis since market prices should only react to new information.
Hence since it is impossible to beat the market, it is impossible to earn above-market returns.
Answer:
Shoe-leather costs.
Explanation:
Resources wasted when inflation encourages Bob to reduce his money holding for more than 2 weeks incase it does decrease.
