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Mice21 [21]
3 years ago
14

The Wayside Hotel uses the direct write-off method of accounting for bad debts. If the general manager of the hotel determines t

hat a $700 debt is uncollectible and the current balance of Provision for Doubtful Accounts is $100, the journal entry to recognize this bad debt would involve
Business
1 answer:
julia-pushkina [17]3 years ago
6 0

Answer:

Crediting Account Receivable $700

Explanation:

Crediting Account Receivable with $700

Because the $700 is UNCOLLECTIBLE which means they are debts which will not to be paid due to the inability to find the debtor or the debtors is bankrupt leading to decreased or reduction in the company ACCOUNT RECEIVABLES

Therefore Account Receivable can be said to mean the amount of cash or money that a company is expected to receive for services rendered or for providing goods and services to their customers on credit.

Example in a case where a cash payment is received from the debtor cash will definitely increased and the accounts receivable will eventually decreased or reduced.

You might be interested in
If people have a high degree of _______ one is more likely to want to stay with their current company.
IrinaVladis [17]

If people have a high degree of organizational commitment one is more likely to want to stay with their current company.

Organizational commitment means the connection or the bond that the employees have with their organization or the employer. It all depends upon their psychology that more attachment they have with their employer or the organization more will they want to stay in it.

It defines  different variables such as the job performance of the employees, turnover of the company or the employee employer relationship.

A model of commitment was given by Meyer and Allen in which they defined three types of commitment:

Affective commitment

Continuance commitment

Normative commitment.

To know more about commitment here:

brainly.com/question/24912989

#SPJ4

8 0
1 year ago
A company has 12,247 customers they extend credit to, they will have 12,247 __________________ accounts.
iogann1982 [59]

The company would have 12,247 subsidiary accounts.

<h3>What is a credit?</h3>

A credit is a loan facility granted by a bank or an institution to its customers. This is to enable the customers access funds with a view to paying back at a future date.

Companies or institutions grant credit facilities to encourage their customers plan for their business and then pay back later.

Hence, the company would have 12,247 subsidiary accounts since they  extend credits to 12,247 customers.

Learn more about credits here : brainly.com/question/9913263

4 0
2 years ago
Which of the following is NOT one of the five groups in the diffusion of innovation curve
velikii [3]
You do not have anything there cant help
5 0
3 years ago
Mason Mills management works hard to ensure that nobody in its organization has more than one boss and all workers are treated w
anastassius [24]

Answer:

Fayolism

Explanation:

Based on the information provided within the question it seems that the management of Mason Mills reflects the ideas and principles of Fayolism. This is a management theory developed by Henri Fayol, which states 14 principles explaining how management should communicate and lead their workers. Many of which state the importance of organization within the business in order for workers to know who to report to and keep everything running efficiently.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
3 years ago
Which of the following would be most likely to increase your opportunity cost of attending college? a recession in the economy t
kipiarov [429]

Answer:

To start a job today that would permit you to earn about 50 percent more than you expected to make after graduation.

Explanation:

Opportunity cost is the cost of best next option foregone for choosing the current option. Here, the best opportunity foregone is of earning and starting the job today which will allow to earn 50 % more than what can be earned after completing the graduation, as already for graduation fees will be paid, along with further expenses. In that case if dropping graduation and starting a job was this beneficial then it would have been better.

Therefore the following has increased the opportunity cost of pursuing graduation.

to start a job today that would permit you to earn about 50 percent more than you expected to make after graduation

4 0
3 years ago
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