1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vfiekz [6]
3 years ago
10

Mar. 17 Received $275 from Shawn McNeely and wrote off the remainder owed of $1,000 as uncollectible. July 29 Reinstated the acc

ount of Shawn McNeely and received $1,000 cash in full payment. Journalize the above transactions, using the allowance method of accounting for uncollectible receivables. Refer to the Chart of Accounts for exact wording of account titles.
Business
1 answer:
PIT_PIT [208]3 years ago
7 0

Answer:

Mar 17.

6150 Bad Debt Expense  $1.000 - Debit

1010 CASH Operating Account $275 - Debit

                 1290 A/REC Allowance for Uncollectible Accounts  $1.000 - Credit

                 1220 A/REC Trade Notes Receivable $275 - Credit

Jul 29.

1290 A/REC Allowance for Uncollectible Accounts  $1.000 - Debit

1010 CASH Operating Account $1.000 - Debit

                        6150 Bad Debt Expense  $1.000 - Credit

                        1220 A/REC Trade Notes Receivable $1.000 - Credit

Explanation:

You might be interested in
The highest value of total cost was $ 710 comma 000 in June for Horchata​ Beverages, Inc. Its lowest value of total cost was $ 5
marta [7]

Answer:

A. $ 450 comma 000

Explanation:

In order to compute the fixed cost per month first we have to determine the variable cost per unit which is shown below.

Variable cost per hour = (High total  cost - low total cost) ÷ (High production volume - low production volume)

= ($710,000 - $550,000) ÷ (13,000 units - 5,000 units )

= $160,000 ÷ 8,000 units

= $20

Now the fixed cost equal to

= High total cost - (High production volume × Variable cost per unit)

= $710,000 - (13,000 units × $20)

= $710,000 - $260,000

= $450,000

We simply applied the above formula

6 0
3 years ago
if i open a contract near market closing then close the contract next day does that count as day trade
Ber [7]
No. Day trading refers to trading positions that are opened and closed the same day.
7 0
2 years ago
Read 2 more answers
In an emergency situation, such as a life-threatening trauma in an emergency room, a supervisor must be:_______.
weqwewe [10]

Answer:

d. direct and assertive.

Explanation:

In an emergency situation, such as a life-threatening trauma in an emergency room, a supervisor must be direct and assertive.

When there's an emergency situation, this ultimately implies a life and death situation which is typically characterized by having someone being in a very critical and dangerous condition. In order to be able to save such an individual or situations, it is very important and essential to have a direct and assertive supervisor who is in charge or control of the emergency situation and capable of making quick decisions that would most likely salvage the situation.

A supervisor who is assertive is confident, bold and positive about his or her instructions in any situation, which is a prerequisite quality to overcome emergencies.

8 0
3 years ago
Jason says he would like to exercise more but simply doesn't have the money to pay for a gym membership. His behavioral intentio
FinnZ [79.3K]

Answer:

His behavioral intention is being most affected by <u>Personal Attitude</u>

Explanation:

Behavioral intention is a concept that shows an individual's readiness to perform a given behavior.

This intention could be motivated by a number of factors such as low personal control, low motivation to comply with the wishes of others and vice versa.

However, in the case of Jason, Personal Attitude is responsible for his Behavioral Intention since he is personally motivated towards exercising.

From the question, it is clear that he likes to exercise - a personal attitude.

6 0
3 years ago
Read 2 more answers
A company had net sales of $30,200 and ending accounts receivable of $4,000 for the current period. Its days' sales uncollected
Leno4ka [110]

Answer:

d) 48.34 days

Explanation:

Calculation to determine what Its days' sales uncollected equals

Using this formula

Days' sales uncollected=Ending accounts receivable÷Net sales *365 days

Let plug in the formula

Days' sales uncollected=$4,000÷$30,200*365 days

Days' sales uncollected=48.34 days

Therefore Its days' sales uncollected equals:48.34 days

8 0
3 years ago
Other questions:
  • what would happen if you could become invisible whenever you wanted to? what are some things you would do?
    14·1 answer
  • Which one of these statements is correct?
    11·1 answer
  • It costs Orkid Company $17 of variable costs and $3 of fixed costs to produce its product. The company currently has unused capa
    5·1 answer
  • Emily works in the stockroom at a retail store for $10/hour on Saturdays. The store is within near walking distance of her home.
    10·1 answer
  • The making of the movie Waterworld cost a total of $180 million. It generated a total of $130 million in revenues. $70 million w
    15·1 answer
  • Pollution from a factory that produces cleaners is a(n) _____ of the production process.
    13·1 answer
  • Legislates and enforces regulations that
    6·1 answer
  • A consistent application of an inventory costing method enhances
    13·1 answer
  • An estate is transferred with the stipulation that alcohol will never be consumed on the premises or the seller will take back t
    9·1 answer
  • The closing entry for dividends involves a debit to ______ and a credit to ______. (Select all that apply.)
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!