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Korolek [52]
3 years ago
7

Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $8,700 of its accounts receiv

able from Leer Co. 29 Leer Co. unexpectedly pays its account in full to Dexter Company. Dexter records its recovery of this bad debt. Prepare journal entries to record the above transactions.
Business
1 answer:
Law Incorporation [45]3 years ago
6 0

Answer and Explanation:

The journal entries are shown below;

On Mar 11.

Bad debt exp $8,700

  To Accounts receivable $8,700

(Being the bad debt expense is recorded)

On Mar 29

Accounts receivable $8,700

          To Bad debt exp $8,700

(Being reversal is recorded)

Cash $8,700

             To Accounts receivable $8,700

(being the recovery of the bad debt is recorded)

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In a multidimensional organization, the firm uses different criteria on several levels, reported at the same time, to track its performance.

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Managers in a multidimensional organization have common goals. The management process prioritizes decision making

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The correct answer is letter "B": episodic memory.

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You run a stop sign and hit another vehicle. Which type of insurance will pay for the repair of your vehicle
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This is further explained below.

<h3>What is collision insurance?</h3>

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3 0
2 years ago
Abraham found a $1,000 face value bond that belonged to his father. He checked The Wall Street Journal and found the bond was cu
asambeis [7]

Answer:

Premium

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M. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and
8090 [49]

Answer:

a) 100 units

b) 2.5 order per year

c) 50 units

Explanation:

Given data:

demand 250 units

order cost is $20

holding cost $1

a) Economic order quantity EOQ = \sqrt{\frac{2\times demand \times order\ cost}{holding \ cost}}

EOQ = \sqrt{\fac{2\times 250 \times 20}{1}} =100 units

b) number of order for each year = \frac{annual/ demand}{EOQ}

                                                    = \frac{250}{100} = 2.5order/ year

c) average inventory = \frac{Q}{2} = \frac{100}{2} =  50 units

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3 years ago
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