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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
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In 1915, peter oberweis started selling his excess milk to his neighbors. by 1927, he decided to start a more formal business so
Alexandra [31]
During the sales era of marketing. 

Marketing is one of the major utilitarian regions of a business firm. The advancement of promoting incorporates a few periods including the straightforward exchange time, the creation time, the business time, the advertising division time, the showcasing organization time, and the relationship showcasing time. 

The sales era is the time in history from 1920 to the mid-1950s, in which makers understood that the imaginative generation contraption made tremendous excess, so they expected to discover approaches to allure purchasers or to keep creation in accordance with the request.
7 0
3 years ago
Which of the following describes the expected outcome of expansionary monetary policy in the short run?
Vaselesa [24]

Answer:

The correct answer is letter "A": higher employment, higher output, and a higher price level.

Explanation:

Expansionary policy is a macroeconomic concept that focuses on expanding the economy to counteract cyclical downturns. Expansionary policies can be used through monetary policy to expand the money supply or to increase government expending and tax cuts to stimulate the economy. Under this scenario, interest rates are lower and aggregate demand increases. In that case, employment, output, and price level will be higher. Though, the latter is dangerous since it could lead to high inflation.

7 0
3 years ago
Sue plans to mix peppermints worth $1.20 per lb with chocolates worth $2.40 per lb to get a 40 lb mix that is worth $1.65 per lb
Lunna [17]

Answer:

Each should be used as follows:

Weight of peppermints = X = 25 lb

Weight of Chocolates = Y = 15 lb

Explanation:

Suppose

Weight of peppermints = X

Weight of Chocolates = Y

So According to given condition

X + Y = 40 (Eq. 1)

1.2X + 2.4Y = 1.65*40

1.2X + 2.4Y = 66 (Eq. 2)

By multiplying  (Eq. 1) with 1.2 we get

1.2X + 1.2Y = 48  (Eq. 3)

Now by subtracting  (Eq. 2) from  (Eq. 3)

(1.2X + 1.2Y) - (1.2X + 2.4Y) = 48 - 66

1.2X + 1.2Y - 1.2X - 2.4Y = -18

1.2X - 1.2X + 1.2Y - 2.4Y = -18 (Rearrange)

-1.2Y = -18

1.2Y = 18

Y = 18/1.2

Y = 15

By placing value of Y in (Eq. 1)

X + 15 = 40

X = 40 - 15

X = 25

<u>Check</u>

1.2X + 2.4Y = 66

1.2 (25) + 2.4 (15) = 66

66 = 66

6 0
3 years ago
The following planned figures have been developed by a buyer for next month: sales = $25,000; reductions = $1,500; BOM stock = $
sweet [91]

Answer:

The planned purchases are given as  $34,500 while the value of OTB is $28,900

Explanation:

The Planned purchases is given as

Planned Sales + Planned Markdowns + Planned End of Month Inventory - Planned Beginning of Month Inventory = Planned Purchases

So here the planned sales are 25000

The planned Reductions are 1500

The End of Month inventory is 88000

The Beginning of Month Inventory is 80000 So the value is given as

25000+1500+88000-80000= Planned Purchases

Planned Purchases =34500

The OTB is given as

OTB=Planned Purchases-Commitment

OTB=34500-5600

OTB=28900

7 0
3 years ago
Jerry is an adjuster and has signed a contract with ABC Insurance to adjust claims in an area recently devastated by a hurricane
const2013 [10]

The authority that Jerry has which allows him to complete inspections and settle claims is called an Express authority.

<h3>What is express authority?</h3>

This is a kind of authority that an agent has that is clearly spelled out in writing or given orally.

Jerry has a contract with ABC Insurance that writes what he is allowed to so which means that his powers are expressly given.

Find out more on express authority at brainly.com/question/15008947.

#SPJ12

3 0
2 years ago
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