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
Artyom0805 [142]
3 years ago
8

On January 1, Wei company begins the accounting period with a $43,000 credit balance in Allowance for Doubtful Accounts. On Febr

uary 1, the company determined that $9,400 in customer accounts was uncollectible; specifically, $2,200 for Oakley Co. and $7,200 for Brookes Co. Prepare the journal entry to write off those two accounts. On June 5, the company unexpectedly received a $2,200 payment on a customer account, Oakley Company, that had previously been written off in part a. Prepare the entries to reinstate the account and record the cash received.
Business
1 answer:
Phantasy [73]3 years ago
6 0

Answer:

1.

Date                    Account Title                                          Debit           Credit

February 1           Allowance for Doubtful accounts        $9,400

                            Oakley Co. - Accounts Receivable                        $2,200

                            Brookes Co. - Accounts Receivable                      $7,200

2.

Date                    Account Title                                          Debit           Credit

June 5                Oakley Co. - Accounts Receivable       $2,200

                          Allowance for Doubtful Accounts                           $2,200

June 5              Cash                                                          $2,200

                          Oakley Co. - Accounts Receivable                           $2,200

You might be interested in
True or false<br> Price fluctuations or changes help to clear the market
san4es73 [151]

Answer:

true

What does MARKET CLEARING mean? ... In economics, market clearing is the process by which, in an economic market, the supply of whatever is traded is equated to the demand, so that there is no leftover supply or demand

there for the answer is true

6 0
3 years ago
What is a sales lead?
Lesechka [4]
Sales lead is a prospective consumer of a product or service that is created when an individual or business shows interest and provides his or her contact information.
8 0
3 years ago
Read 2 more answers
If you deposited​ $100 now ​(nequals​0)and​ $200 two years from now ​(nequals​2)in a savings account that pays​ 10% annual​ inte
Natali5045456 [20]

Answer:

The correct answer is: "You would have $589 the end of year 10".

Explanation:

The logics of the statement remains in the amount of money remained after 10 years of savings with a 10% annual interest. This means that, after you deposit $100 now (nº 0), on the first current year you would have ended up with $110, although in the second year (nº 2) you would have made a deposit of $200, which means you would have made total earnings of $310, plus the annual interest of $31. After the second year, all subsequent ones wound count on with an annual interest of $31, which means that at end of year 10 you would have reached the amount of $589.

(ps: mark as brainliest, please?!)

7 0
3 years ago
A software company conducted a study about stress in the workplace for it administrators. which questions result in data that is
Luba_88 [7]

The questions which would result in data that is categorical are:

  1. Is your job as an IT administrator stressful?
  2. What is your biggest source of stress?
  3. How has your job impacted your personal life?
  4. Have you ever considered switching careers because of on-the-job stress?

<h3>What is a numerical data?</h3>

A numerical data is also referred to as a quantitative data and it can be defined as a data set that is primarily expressed in numbers only. This ultimately implies that, a numerical data refers to a data set consisting of numbers rather than words.

<h3>What is a categorical data?</h3>

A categorical data can be defined as a type of statistical data that is used to group information that are having the same attributes or characteristics.

In Science, some examples of a categorical data include the following:

  • Age
  • Gender
  • Race
  • Religion
  • Class

In conclusion we can infer and logically deduce that the questions above would result in data that is categorical.

Read more on categorical data here: brainly.com/question/20038845

#SPJ1

7 0
2 years ago
Required:
olga55 [171]

Answer:

Find below the variables missing from the question:

Selected sales and operating data for three divisions of different structural engineering firms are given as follows :

                                              Division A Division B Division C

Sales                               $5,800,000 $9,800,000 $8,900,000

Average operating assets $1,450,000 $4,900,000 $2,225,000

Net operating income         $284,200 $872,200 $191,350

Minimum required rate of return 18.00% 17.80% 15.00%

On the basis on return on investment Division A is preferred

On the basis of residual income Division A is also preferred

Explanation:

Return on investment is the net operating income compared to the average operating assets in the year:

Division A return on investment=$284,200/$1,450,000=19.6%

Division B return on investment=$872,200/$4,900,000=17.8%

Division C return on investment=$191,350/$2,225,000 =8.60%

Residual income=net operating income-(required rate of return*average operating assets

Division A residual income=$284,200-(18%*$1,450,000)=$23200

Division B residual income=$872,200-(17.80%*$4,900,000)=$0

Division C residual income=$191,350-(15%*$2,225,000)=$=$191,350-(15%*$2,225,000)

4 0
3 years ago
Other questions:
  • The company responsible for the rely tampon used all of the tactics in marketing its product and in defending itself, except:
    12·1 answer
  • Which senior managers may assume a greater deal of transferability between domestic and international HRM practices?
    13·1 answer
  • The use of communications and technologies such as videoconferencing and networks has enabled increased?
    13·1 answer
  • The following summarizes the aging of accounts receivable for Johnston Supplies, Inc. as of July 31, 2019: Number of Days Unpaid
    8·1 answer
  • Workers describe me as realistic
    10·2 answers
  • Suppose France can produce four phones or three computers with one unit of labor, and Sweden can produce one phone or two comput
    10·1 answer
  • Bingerton Industries uses a perpetual inventory system. The company began the year with inventory of $77,000. Purchases of inven
    13·1 answer
  • If the value of imports for the current year is $3 billion and the value of exports is $8 billion, what effect will this have on
    13·1 answer
  • Exercise 2-10A Record transactions (LO2-4) Sun Devil Hair Design has the following transactions during the month of February.
    14·2 answers
  • In its most basic sense, _____ involves the positive feelings and evaluations individuals have about their employment.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!