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
Lorico [155]
3 years ago
7

O’Brien Brewery and Delgado Vintage Wines both decided to write off a specific customer’s uncollectible account as a bad debt ex

pense. To record this transaction, O’Brien Brewery recorded a debit to Bad Debt Expense, whereas Delgado Vintage Wines recorded a debit to Allowance for Doubtful Accounts. What is the difference between these two companies?
Business
1 answer:
vlabodo [156]3 years ago
4 0

Answer:

Both uses different methods when handling their accounts. O'Brien Brewery uses the direct write-off method for uncollectible accounts while Delgado Vintage Wines uses the allowance method for uncollectible accounts respectively.

Explanation:

O' Brien method records a debit to Bad Debt Expense and a credit to the specific Accounts Receivable account that is uncollectible. Delgado Vintage Wines' method records a debit to Allowance for Doubtful Accounts and a credit to the specific Accounts Receivable account that is uncollectible.

You might be interested in
When looking for capital, bankers and other lenders will usually feel most comfortable investing in a/an
lilavasa [31]
Existing business with a proven record. When you ask for investments, the lending institution will most definitely ask for your financial track record. They would want to know if you are a good paymaster because they will need the assurance that you can pay them back. Even if you have a really original idea and want to start a new business, there will still be some reservation if you have no track record because the lenders do not know if you are trustworthy or not. Unlike if you already have a proven record that you are a good paymaster, then you at least have proof that you can pay back. 
7 0
3 years ago
Specific development, pricing, promotion, and distribution of products that do less harm to the environment are known as:______
stellarik [79]

Answer:

C). green marketing.

Explanation:

Green marketing can be regarded as the marketing of products/services which are presumed as an environmentally safe products. It involves range if activities such as modifications of products, change in process of production, modifications of advertisement as well as sustainability packaging of products. It should be noted that Specific development, pricing, promotion, and distribution of products that do less harm to the environment are known as green marketing

8 0
2 years ago
Summarize the different ways someone could earn money by owning a share of Exxon.
zhenek [66]

Answer:

its a pretty reliable stock, depends if youre going for long term or short term. It could earn you in the long term, but short term isnt really going to make you hundreds. Tesla is a good bet

Explanation:

3 0
3 years ago
A positive shift in attitude occurs as a result of ___________.
brilliants [131]
Hardwork is right answer
7 0
3 years ago
NorthRim Inc. (NRI), imports extreme condition outdoor wear and equipment from The Allofit Territories Company (ATC) located in
olga nikolaevna [1]

Answer:

a

Iwould appreciate if my answer is chosen as a brainliest answer

3 0
3 years ago
Other questions:
  • makes and sells tasty burritos for $8 per unit with a unit variable cost of $6. All sales are for cash and the variable costs ar
    10·1 answer
  • Practice of a skill that is spread out over several sessions is known as _____ practice
    6·1 answer
  • New equipment was purchased by Hunter Corporation at a list price of $94,000, with credit terms of 2/10, n/30. Payment was made
    6·1 answer
  • There is no such thing as a free lunch.This statement best reflects the fact that a. consumers are unwilling to pay for a good u
    8·1 answer
  • What information should a resume provide?
    6·1 answer
  • If people believe their rights are being violated, they have the right to a fair and impartial hearing. This reflects the basic
    8·1 answer
  • Majesty Productions accepted a $7,200, 120-day, 6% note from Swartz Studio on March 1. On the date the note matures, Swartz is u
    14·2 answers
  • Joanna Grimshaw makes an hourly rate of $12.50, and she works 40 hours per week. Her boss offers her a promotion to a salaried p
    8·2 answers
  • Context content and culture are
    7·1 answer
  • Which margin size is most appropriate for a business card?
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!