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
Zina [86]
3 years ago
10

Journalize the following transactions using the allowance method of accounting for uncollectible receivables.April 1 Sold mercha

ndise on account to Jim Dobbs, $7,200. The cost of the merchandise is $5,400.June 10 Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder.Oct. 11 Reinstated the account of Jim Dobbs and received cash in full payment.9. Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables.April 1 Sold merchandise on account to Jim Dobbs, $7,200. The cost of the merchandise is $5,400.June 10 Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder.Oct. 11 Reinstated the account of Jim Dobbs for and received cash in full payment.10. Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables:Feb 20 Received $1,000 from Andrew Warren and wrote off the remainder owed of $4,000 as uncollectible.May 10 Reinstated the account of Andrew Warren and received $4,000 cash in full payment.
Business
1 answer:
sergejj [24]3 years ago
7 0

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Download xlsx
You might be interested in
if you have a successfully crowdfunded product and you know you are going to miss your advertised ship date, what should you do?
alina1380 [7]

If you have a successfully crowdfunded product and you know you are going to miss your advertised ship date, what you should do is: C) Be honest; alert your backers and notify others through the crowdfunding site.

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

A product is any physical object (tangible item) that is typically produced by a manufacturer in order to satisfy and meet the demands, needs or wants of every customer.

<h3>What is crowdfunding?</h3>

Crowdfunding can be defined as a strategic process which typically involves obtaining small amounts of capital or money (funds) from a large group of individuals, usually over the Internet, in order to finance a new project, business venture or product.

In this scenario, the best thing to do is being honest, especially by alerting your backers, guarantors, and all of the people who provided the fund through the crowdfunding site.

Read more on a crowdfunding here: brainly.com/question/21940014

#SPJ1

Complete Question:

If you have a successfully crowdfunded product and you know you are going to miss your advertised ship date, what should you do?

A)Do nothing.

B)Change the date on your crowdfunding site but do not draw attention to it.

C)Be honest; alert your backers and notify others through the crowdfunding site.

D)Shift the blame to someone else (manufacturers, distributors, suppliers, etc.).

3 0
1 year ago
Eric believes works hard he will meet management's goals and that if he meets management's goals, he will get a raise, which he
Elden [556K]

Answer:

Expectancy theory

Explanation:

Expectancy theory - is referred to as the approach in which individual work according to the defined goal. People are motivated to act in a certain way because they believe to have expected results from the way they have selected.  

It also states that desirable outcomes of any behavior hold the motivation by other people

The three main components on which Expectancy theory work are:

- Expectancy

- Instrumentality

- valence

7 0
3 years ago
Annapolis Company has two service departments (Computer Operations &amp; Maintenance Services). Annapolis has two production dep
eimsori [14]

Answer:

$56,900

Explanation:

                             Compt.         Maint.       Mixing      Packaging

Dept Cost             140,000      115,000

Cost allocation                            32941        41177         65882

(Computer)

Cost allocation                                

(Maintenance)                                                56900          91041

Total                                                                98077         156923

Workings.

Computer department cost allocation

Maintenance department = 4/17*140000 =32941

Mixing department = 5/17*140000 =41177

Packaging department = 8/17*140000= 65882

Maintenance department cost allocation

Total cost allocated = 147941

Mixing department = 5/13*147941 = 56900

Packaging department  = 8/13*147941 =91041

8 0
3 years ago
If national unemployment is at 15% the government should adopt ___ fiscal policy.
san4es73 [151]

Answer:

<em>c</em><em>.</em><em> </em><em>e</em><em>x</em><em>p</em><em>a</em><em>n</em><em>s</em><em>i</em><em>o</em><em>n</em><em>a</em><em>r</em><em>y</em><em>.</em>

Explanation:

<em>t</em><em>h</em><em>e</em><em> </em><em>g</em><em>o</em><em>a</em><em>l</em><em> </em><em>o</em><em>f</em><em> </em><em>e</em><em>x</em><em>p</em><em>a</em><em>n</em><em>s</em><em>i</em><em>o</em><em>n</em><em>a</em><em>r</em><em>y</em><em> </em><em>f</em><em>i</em><em>s</em><em>c</em><em>a</em><em>l</em><em> </em><em>p</em><em>o</em><em>l</em><em>i</em><em>c</em><em>y</em><em> </em><em>i</em><em>s</em><em> </em><em>t</em><em>o</em><em> </em><em>r</em><em>e</em><em>d</em><em>u</em><em>c</em><em>e</em><em> </em><em>u</em><em>n</em><em>e</em><em>m</em><em>p</em><em>l</em><em>o</em><em>y</em><em>m</em><em>e</em><em>n</em><em>t</em><em>.</em><em> </em><em>t</em><em>h</em><em>e</em><em>r</em><em>e</em><em>f</em><em>o</em><em>r</em><em>e</em><em> </em><em>t</em><em>h</em><em>e</em><em> </em><em>t</em><em>o</em><em>o</em><em>l</em><em>s</em><em> </em><em>w</em><em>o</em><em>u</em><em>l</em><em>d</em><em> </em><em>b</em><em>e</em><em> </em><em>a</em><em>n</em><em> </em><em>i</em><em>n</em><em>c</em><em>r</em><em>e</em><em>a</em><em>s</em><em>e</em><em> </em><em>i</em><em>n</em><em> </em><em>g</em><em>o</em><em>v</em><em>e</em><em>r</em><em>n</em><em>m</em><em>e</em><em>n</em><em>t</em><em> </em><em>s</em><em>p</em><em>e</em><em>n</em><em>d</em><em>i</em><em>n</em><em>g</em><em> </em><em>a</em><em>n</em><em>d</em><em>/</em><em>o</em><em>r</em><em> </em><em>a</em><em> </em><em>d</em><em>e</em><em>c</em><em>r</em><em>e</em><em>a</em><em>s</em><em>e</em><em> </em><em>i</em><em>n</em><em> </em><em>t</em><em>a</em><em>x</em><em>e</em><em>s</em><em>.</em><em> </em>

3 0
3 years ago
Jaune Magazine (JM) must decide whether or not to publish a tell-all story about a celebrity. If the story ends up having major
Nataliya [291]

Answer:

The correct option is A, risk averse

Explanation:

Risk aversion is a situation where a person undertaking a business or an investor tries as much as possible to limit exposure to losses by taking drastic steps to ensure the losses do not materialize.

The publisher in this case is conscious of facing the lawsuit that could result from publishing story and has taken a precautionary measure by not even venturing into the publishing ,let alone a  lawsuit with substantial amount in damages rears its ugly head.

A risk seeking investor would go ahead with the publishing since success could bring a juicy income

3 0
3 years ago
Other questions:
  • The number of employees a supervisor can efficiently and effectively direct is called span of control. contemporary organization
    5·1 answer
  • Explain why the joint events in a contingency table are mutually exclusive. choose the correct answer below.
    6·1 answer
  • Galaxy Co. distributes wireless routers to Internet service providers. Galaxy procures each router for $75 from its supplier and
    12·1 answer
  • Cumulative preferred stock carries the right to be paid both current and all prior periods' unpaid dividends before any dividend
    9·1 answer
  • A delivery company is considering adding another vehicle to its delivery fleet; each vehicle is rented for $100 per day. Assume
    9·1 answer
  • Yard Designs (YD) experienced the following events in 2018, its first year of operation:
    12·1 answer
  • What do you think makes us free​
    6·1 answer
  • Suppose the own price elasticity of demand for good X is -3, its income elasticity is -2, its advertising elasticity is 4, and t
    13·1 answer
  • What is the major limitation of using the payback period as a tool in capital budgeting?
    6·2 answers
  • A place to Store crypto. Can be online or offline. What is the definition?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!