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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.

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i would think every one of them expect for 1 and 4.. Because 4 is just something we all learn

5 0
2 years ago
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If I am at school in my classroom eating a red apple around 4 girls and 3 boys what color is my underwear.
olya-2409 [2.1K]

Answer:

Gold with unicorns on it. B)

Explanation:

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2 years ago
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During team meetings Amber Downing always notices that Rhoma Law tends to ask innumerable questions and suggest ideas at each di
ahrayia [7]

Answer: context

Explanation:

The factor that has most likely influenced Downing's perception of Law is context.

Context refers to the situation for the occurence of a event. It's vital to look at the circumstances that were present at the time of the behavior of a person when attempting to understand the person's behavior.

Assuming both of them were part of team meetings where almost all member gave their own suggestions, then Law would not have drawn as much attention from Downing.

6 0
2 years ago
In its first month of operations, Bethke Company made three purchases of merchandise in the following sequence: (1) 300 units at
Annette [7]

Answer:

(1) $2,720

(2) $2,220

Explanation:

Given the following sequence:

300 units at $6, 400 units at $7 and 200 units at $8

(1) FIFO method

Ending inventory = 360 units

Cost of ending Inventory:

= 200 units at $8 + 160 units at $7

= 200 × $8 + 160 × $7

= 1,600 + 1,120

= $2,720

(2) LIFO method

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= 300 units at $6 + 60 units at $7

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4 0
3 years ago
Which of the following is an effective strategy for personal saving?
trasher [3.6K]

The statement that is an effective strategy for personal saving is; Save a certain percentage of each paycheck and deposit it directly in a savings account

<h3>What is personal saving?</h3>

Personal saving can be defined as the ability of a person to save their money. Saving this money will enables them to have something to fall back to incase of unforeseen or unexpected circumstance.

The effective strategy for personal saving a person is expected to follow is for the person  to save a  percentage of each of their salary or  paycheck and deposit the money directly into their savings account.

Therefore the statement that is an effective strategy for personal saving is; Save a certain percentage of each paycheck and deposit it directly in a savings account

Learn more about personal saving here:brainly.com/question/15279000

#SPJ1

6 0
1 year ago
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