Answer:
Account receivable balance = $1,100 - ($1,100* 5%)
Account receivable balance =$1,100 - $55
Account receivable balance = $1,045
Date Account Title Debit Credit
Cash Account $1,045
To Accounts receivable $1,045
Answer:
cottage industry is a small-scale, decentralized manufacturing business often operated out of a home rather than a purpose-built facility
Explanation:
<span>A middleman that carries a select group of products within a single line is called a speciality line wholesaler.
A speciality line wholesaler often carries products that are all related to a set industry but ay be fro multiple supplies. These wholesalers carry a limited line of products making it easier to sell/keep track of what they have and serve a decent size audience. </span>
