Answer:
false
Explanation:
The allowance procedure estimates bad debt expense before an uncollectible account receivable has been purposed to be uncollectible.
Answer: Brand Equity
Explanation:
Brand equity refers to a value premium that a company generates from a product with a recognizable name when compared to a generic equivalent. This allows the creation of other products under that brand (brand extension).
An example of brand extension is Apple corperation. They started with computers and extended to other products such as iPods and phones. This is possible under brand equity. Retaining the brand name and extending it via the introduction of new products.
Answer:
Interest receivable A/c Dr $225
To Interest revenue A/c $225
(Being the accrued interest is recorded)
Explanation:
The journal entry to record accrued interest is shown below:
On December 31
Interest receivable A/c Dr $225
To Interest revenue A/c $225
(Being the accrued interest is recorded)
For recording this transaction we debited the interest receivable as it reflect in current asset and credited the interest revenue for $225 as it depict income
Jewelry, if there is a change in price then there will be in quantity and still in market
