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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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8 0
2 years ago
Bronco, Inc., imposes a payback cutoff of three years for its international investment projects. Year Cash Flow (A) Cash Flow (B
maw [93]

Answer:

Project A:

Payback Period = Years before full recover + (Un-recovered cash inflow at start of the year/cash flow during the year)

= 2 Year + ($12,000 / $18,000)

= 2 Year + 0.67 years

= 2.67 Years

<u>Payback Period - PROJECT A = 2.67 Years</u>

Project B:

Payback Period = Years before full recover + (Un-recovered cash inflow at start of the year/cash flow during the year)

= 3 Year + ($17,000 / $224,000)

= 3 Year + 0.08 years

= 3.08 Years

<u>Payback Period - PROJECT B = 3.08 Years</u>

3 0
3 years ago
Which act covering most private-sector employers prohibits certain unfair labor practices, such as a union's refusal to bargain
kolezko [41]
The correct option is C.
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VladimirAG [237]

Connie can best be described as Solo Operator type of entrepreneur.

Explanation:

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This is happening because she is a sole operator as in she has to take all the decisions and do all the work by herself with no additional help from anyone else whatsoever in the family or the work front either.

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3 years ago
This selection implies that the author believes sales of the Nestlé chocolate bar soared because __________.
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I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!
7 0
3 years ago
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