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
Travka [436]
3 years ago
10

At the beginning of the current period, Griffey Corp. had balances in Accounts Receivable of $239,000 and in Allowance for Doubt

ful Accounts of $9,000 (credit). During the period, it had net credit sales of $898,000 and collections of $785,000. It wrote off as uncollectible accounts receivable of $7,000. However, a $4,300 account previously written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $24,700 at the end of the period. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Prepare the entries to record sales and collections during the period. (b) Prepare the entry to record the write-off of uncollectible accounts during the period. (c) Prepare the entries to record the recovery of the uncollectible account during the period. (d) Prepare the entry to record bad debt expense for the period.
Business
1 answer:
denis-greek [22]3 years ago
3 0
It’s c hopefully this helps
You might be interested in
This assignment requires the application of your understanding of how the federal budget deficit affects economic variables.
SVEN [57.7K]

The  impact of a federal budget deficit on interest rates and the trade balance is that it can bring about the  inflow of foreign financial capital as well as a better exchange rate.

<h3>How can budget deficit have effect on trade balance?</h3>

When there is a stronger exchange rate there will be a little bit difficult for all the  exporters that want to sell their goods to foreign countries,  and at this time the imports will become cheaper.

In this case, trade deficit  will definitely bring about  an inflow of foreign financial capital as well as a good exchange rate.

Learn more about budget deficit on:

brainly.com/question/1083134

#SPJ1

7 0
2 years ago
In Dart Co.'s Year 2 single-step income statement, as prepared by Dart's controller, the section titled "Revenues" consisted of
Amanda [17]

Answer:

  • what amount should Dart report as total revenues?

B. $250,000

Explanation:

The option B is the answer because the others option are not part of revenues during the year to the single step income.

The recovery of accounts written off are not part of revenues, it's an adjustment to the allowance for uncollectible accounts.

Then, the Purchase discounts is not part of revenues either, this kind of discounts goes directly to the valuation of inventory and then to the cost of goods.

8 0
3 years ago
Conducting research about an occupation, company, or job can increase your employability. Please select the best answer from the
UkoKoshka [18]
Your answer will be true! good luck
7 0
3 years ago
Read 2 more answers
Coronado Shoes Fool Inc. is involved in litigation regarding a faulty product sold in a prior year. The company has consulted wi
Burka [1]

Answer:

b. No journal entry is required

Explanation:

Given that

Estimated percentage of losing = 40%

Estimated amount = $800,000

By considering the above information, we concluded that

As in the case of the litigation, there is no journal entry is recorded as the possibility of the event is not certain with respect to the entity's economic resources.

Therefore in the given case, the correct option is b.

5 0
3 years ago
Part of the investigation process for government administrators includes taking notes about conversations and preparing research
iren [92.7K]

Answer:

B

Explanation:

YAN PO I HOPE IT HELPS PO PA BRAINLY NA LNG PO

6 0
2 years ago
Other questions:
  • Many government? programs, such as unemployment? compensation, operate on a deficit during recessions and a surplus during perio
    6·1 answer
  • On January 1, 2020, Ann Price loaned $212355 to Joe Kiger. A zero-interest-bearing note (face amount, $275000) was exchanged sol
    8·1 answer
  • What is the last step of the problem solving process?
    6·2 answers
  • A broker listed a $75,000 property and the agreement read that the owner would NOT take more than a 25% cash offer. The broker p
    13·1 answer
  • What is most likely to happen if the Fed prints too much currency?
    8·1 answer
  • "The risk-free rate of return is 4 percent, and the market return is 10 percent. The betas of Stocks A, B, C, D, and E are 0.85,
    13·1 answer
  • What is insurance??????
    13·1 answer
  • Why is developing a reputation as a subject matter expert important for a leader if leadership deals so heavily with interperson
    11·1 answer
  • Say’s law argues that a given ____________________ must create an equivalent ________________________ somewhere else in the econ
    7·1 answer
  • A ________ is considered a planned activity to achieve a specific business objective.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!