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timofeeve [1]
3 years ago
7

Your company wrote off $350 in accounts receivable two months ago when a customer went bankrupt. That customer reorganizes and n

ow pays the $350. Your company should:
Business
1 answer:
Dafna1 [17]3 years ago
3 0

Answer:

Dr Accounts Receivable

Cr Allowance for Doubtful Accounts

Dr Cash

Cr Accounts Receivable

Explanation:

Based on the information given we were told that two months ago when the company customer went bankrupt the company first wrote off the amount of $350 in accounts receivable in which the customer later reorganizes and now pays the amount of $350 which means that what the company should do is to first Debit Accounts Receivable and Credit Allowance for Doubtful Accounts and Then Debit Cash and Credit Accounts Receivable.

Dr Accounts Receivable

Cr Allowance for Doubtful Accounts

Dr Cash

Cr Accounts Receivable

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Alexxandr [17]

When there prices rise because of an increase in aggregate spending not fully matched by an increase in aggregate output, then, an economy is experiencing a Demand-pull inflation.

The Demand-pull inflation is the type of inflation experienced as a result of an imbalance in aggregate supply and demand, thus, the prices go up because of aggregate demand which outweighs the aggregate supply.

Therefore, the Option C is correct because when there prices rise because of an increase in aggregate spending not fully matched by an increase in aggregate output, then, an economy is experiencing a Demand-pull inflation.

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2 years ago
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Explanation:

Given the following :

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4 0
3 years ago
Katie’s Vegetarian Restaurant, with total assets of $90,000, borrows $15,000 from the bank. Which of the following is a true sta
ExtremeBDS [4]
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4 0
3 years ago
Read 2 more answers
In the new product development​ process, ideas that pass the idea screening step continue through​ ________. Strong concepts pro
sladkih [1.3K]

Answer:

B. product concept​ development; marketing strategy development

Explanation:

Product concept​ development is the stage at which a lot of product ideas are generated, and new product are screened with the purpose of identifying good ideas and discarding poor ones on time. The new product concepts are then tested at this stage with a group of target consumers in order to discover the concepts with strong consumer appeal.

After product concept​ development, strong concepts proceed to marketing strategy development which, based on the product concept, is the stage at which an initial marketing strategy for a new product are designed.

6 0
4 years ago
Sam was born in 1963. what is the earliest age that sam can retire to receive full social security benefits
Yakvenalex [24]
If Sam was born in 1963, so the earliest age that Sam can retire to receive full Social Security benefits was 67. Employee benefits are used to provide security for employees. The benefits portion of a compensation package most likely plays an important role in: attracting and retaining employees.




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